OT Logistics S.A. (WSE:OTS) said that it expects to close the talks on the acquisition of a 30% state-owned stake in Port of Bar (Luka Bar) by the start of the second quarter of 2017. "Our bid has been formally approved and we have entered the final phase of the negotiations with the Montenegrin State Treasury," the press office of OT Logistic told SeeNews in an e-mailed statement. The acquisition of 30% of Luka Bar would help OT Logistics to strengthen its position in the Balkans and on the North-South transport corridor, OT Logistics said.