Henry Sy buys a third of 2Go | Bilyonaryo Business News
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Henry Sy buys a third of 2Go

Sensing opportunity, SM Investments Corp. has acquired a 34.5 percent stake in logistics giant 2Go Group, marking its foray into the supply chain business.

Sensing opportunity, SM Investments Corp. has acquired a 34.5 percent stake in logistics giant 2Go Group, marking its foray into the supply chain business.

2Go is the country?s largest integrated supply chain operator whose businesses include shipping, freight forwarding, warehousing, and express delivery services

Large conglomerates have been venturing into the logistics space, which is seen to be the next lucrative growth story for the corporate sector.

?We are pleased with this opportunity to invest in a fast growing, dynamic logistics business. It will benefit from, as well as contribute to the country?s economic progress especially as development spreads to the provinces? said SMIC president Harley Sy.

SMIC is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. Its retail operations enjoy a strong brand franchise consisting of THE SM STORE; a strong portfolio of leading specialty retailers including Ace Hardware, SM Appliances, Homeworld, Our Home, Toy Kingdom, Watsons, and its food retail chains, SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM?s property arm, SM Prime Holdin

The majority owners of 2Go and SM Group can capitalize on their inherent strengths and complementary business network to create new value propositions to customers.

 
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