PKP Cargo and OT Logistics to bid for HZ Cargo?

State-controlled PKP Cargo and OT Logistics may be interested in acquiring Croatian national railway cargo operator, HZ Cargo, Parkiet daily reported citing the Croatian media. In March, PKP Cargo established a strategic alliance with HZ Cargo, under which the two partners will cooperate in servicing their existing customers and will prepare logistics offers for new clientele. While, at the end of July OT Logistics bought a fifth (2.81 million shares) of Luka Rijeka, a Croatian port on the Adriatic Sea. HZ Cargo's estimated value would reach PLN a few hundred million. Therefore, both cargo operators are competing to enhance its role in the region. Some experts told Parkiet , that a cooperation regarding potential transaction would benefit both of the Polish companies more than pitting them against each other.