Rhenus completed the acquisition of 87.9% stake in C.Hartwig Gdynia from OT Logistics for

Rhenus, a road transport company, completed the acquisition of 87.9% stake in C.Hartwig Gdynia, a container shipping company, from OT Logistics, a logistics company, for $21m. "In accordance with the adopted development strategy of the OTL Group as a strong port operator offering additional forwarding and transport services, enabling the implementation of a full logistics chain, a decision was made to sell C.Hartwig Gdynia. OTL in port operations, while CHG, acting within the OTL Group, has already reached its development barriers. ChG's entry into the structures of a global player on the logistics market, which is the Rhenus Group, will provide CHG with much broader development prospects, mainly through the possibility of using the global forwarding network owned by the Group Rhenus," Kamil Jedynak, OT Logistics Vice President.