The signed agreement provides for the acquisition of a majority stake in BuT, a company active in logistics for white and grey bulk materials (fertilizers, iron minerals, sodium carbonate, and bulk goods for agricultural and industrial use). BuT has several decades of experience in handling cargo primarily destined for the markets of Northern and Northwestern Italy.<\/p>\n
The Savona terminal will be added to the 9 terminals already managed by FHP<\/strong> in the ports of Carrara, Livorno, Monfalcone, Marghera and Chioggia<\/strong> and the 4 land terminals<\/strong> (Fiorenzuola d\u2019Arda, Incoronata, Piedimonte San Germano and Villa Selva) already in operation for the Group\u2019s rail intermodal activities.<\/strong><\/p>\n Each year, FHP handles around 10 million tons<\/strong> of cargo through its ports and, with a fleet of 40 locomotives and 1,240 railway wagons<\/strong>, covers more than 6 million kilometers across Europe by rail. <\/strong><\/p>\n Il closing<\/strong> dell\u2019operazione \u00e8 previsto per la fine di ottobre<\/strong> al termine della procedura di Golden Power<\/strong> e delle autorizzazioni di competenza dell\u2019Autorit\u00e0 Portuale del Mar Ligure Occidentale.<\/strong><\/p>\n Statement by Paolo Cornetto<\/strong>, CEO of FHP GROUP<\/strong>: \u201dThe company of which we are acquiring a controlling stake will increase the Group\u2019s offering and competitiveness through access to docks with excellent draughts, good indoor storage capacity, and optimal access to highways and railways, making it ideally positioned to serve the markets of the Northwest regions. In addition, BuT\u2019s shareholders and management have an excellent reputation and solid know-how in the industry, and have always distinguished themselves for their attention to service and the pursuit of added value for their customers through activities such as, for example, the packaging and bagging of fertilizers carried out using modern and highly efficient equipment\u201d.<\/p>\n