FHP Group to acquire an 80% stake in BuT port terminal in Savona from BuT.

FHP Group, an Italian maritime and rail logistics operator, agreed to acquire an 80% stake in BuT port terminal in Savona from BuT, a logistics company in the bulk sector. Financial terms were not disclosed. ''The company of which we are acquiring a controlling stake will increase the Group's 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's 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," Paolo Cornetto, FHP Group CEO.