The financing has been divided into two disbursements by Blue Earth Capital, an Swiss-based investment fund that focuses sustainable and impact-oriented financing.
Rhenus Group is making a splash with the acquisition of freight forwarder BLU Logistics and the purchase of a 51% majority stake in port agency LBH Group.
"We are pleased to find that there are more and more opportunities to grow our operation in the country, specifically in the destinations that most need connectivity," said Santiago Álvarez of LATAM.
"The team at Vitalis is enthusiastic to begin this new era of growth, consolidating its position as a key player in the Latin American pharmaceutical market."