OT Logistics wants to increase its stake in Luka Rijeka

WSE-listed logistics operator OT Logistics will announce a tender offer for 43,39 percent in Croatian port Luka Rijeka at HRK 50 per share, OT Logistics said in a market filing. The company currently holds 32.56 percent shares in the company which controls the facility but has signed agreements with other investors to control 56.61 percent stake. The company received the proper approval of the local government to organize such tender. “Acquisition of the remaining shares of Luka Rijeka, the operator of the largest port in Croatia is in line with our development strategy, which assumes, among others, take control of Luka Rijeka,” OT Logistics said.