OT Logistics S.A. (WSE:OTS) signed a preliminary agreement to acquire 75% stake in C.Hartwig Gdynia S.A. from Morska Agencja Gdynia Sp. z o. o. and Hass Holding Ltd. for PLN 15 million on July 30, 2013. Morska Agencja and Hass Holding will sell 37.5% each and OT Logistics will acquire 0.23 million shares. The remaining stake is held by employees, the Poland's State Treasury and C.Hartwig Gdynia itself. OT Logistics will use own funds for acquisition. C. Hartwig Gdynia S.A. reports revenues in the amount of over PLN 246 million in 2012. The completion of transaction is subject to approval by Polish office of competition and consumer protection, obtaining of relevant corporate consents from the parties of the transaction and supervisory Board of OT Logistics. On July 30, 2013, the Supervisory Board and the Management Board of C. Hartwig adopted resolutions on granting consent to the sale. As on August 12, 2013, supervisory Board of OT Logistics approved the transaction. On November 25, 2013, it was announced that Office of Competition and Consumer Protection approved the transaction. The acquisition is expected to be be finalized at the beginning of 2014.


OT Logistics S.A. (WSE:OTS) completed the acquisition of 75% stake in C.Hartwig Gdynia S.A. from Morska Agencja Gdynia Sp. z o. o. and Hass Holding Ltd. on January 3, 2014. The payment of purchase price was madeon January 3, 2014.