Udenna Corporation acquired 21% stake in 2GO Group Inc. (PSE:2GO) from KGL Investment B.V. for $120 million on September 9, 2016. Udenna Corporation completed the acquisition of 21% stake in 2GO Group Inc. (PSE:2GO) from KGL Investment B.V. on September 9, 2016. As per announcement on February 9, 2018, Philippine Competition Commission has rejected the transaction.