Dennis Uy acquires SuperCat

Carlo S. Lorenciana

BUSINESS tycoon Dennis Uy is expanding his interest in the shipping industry after acquiring 100 percent of Cebu-based SuperCat Fast Ferry Corp.

In separate stock exchange disclosures Thursday, October 10, 2019, Uy's Chelsea Logistics and Infrastructure Holdings and 2GO Group, SuperCat's parent firm, announced the deal made on October 9.

As of the closing of the sale, SuperCat is no longer a subsidiary of 2GO, the logistics giant said.

To recall, Chelsea was also successful in its acquisition of another Cebuano shipping company, Trans-Asia Shipping Lines.

Uy, who is based in Davao City, is also the founder of Udenna Corporation. (SunStar Cebu)