CONGLOMERATE SM Investments Corp. (SMIC) has acquired 34.5 percent minority stake in logistics firm 2Go as part of its strategy to invest in the logistics business given the country’s robust economic growth.

“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,” Harley Sy, SMIC president, said in a statement on Friday.

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