OT Logistics interested in acquiring ports

OT Logistics is still interested in acquiring ports on the Adriatic and the Baltic seas, Zbigniew Nowik, the CEO of the company said at a press conference. In July, the company bought a fifth (2.81 million shares) of Luka Rijeka, a Croatian port on the Adriatic Sea, for more that PLN 60 million. Nowik said that OT Logistics plans a long-term presence in Croatia and wants to increase its stake in the port. The head of the company also said that it plans to build a bulk terminal in Gdańsk. In the first phase, the company wants to build a terminal for processing agricultural products, which is expected to be delivered by 2018. It would cost up to PLN 150 million. OT Logistics posted a PLN 370 million net profit in H1 2015.