PCC voids merger of Dennis Uy's Udenna with 2GO shareholder

RAPPLER

MANILA, Philippines – The Philippine Competition Commission (PCC) nullified Udenna Corporation's merger with a Dutch company that holds a majority stake in 2GO Incorporated's parent firm, after they failed to notify the anti-trust body of the acquisition deal.

Aside from voiding the transaction, the PCC also imposed a fine of P19.6 million, equivalent ... via PK