F2i SGR, Italy's leading independent fund manager announced today the integration of the FHP Holding Portuale (FHP) and Compagnia Ferroviaria Italiana (CFI), already in the portfolio of managed funds, with the aim of to be the first Italian logistics operator maritime-land in the sector of the so-called "goods bulk cargo". The corporate reorganization of shareholdings held by F2i in the two logistics companies will take place through the acquisition of CFI by FHP, which will become thus the operating holding company of the companies active in the management of port terminals, intermodal terminals and in the rail transport.

FHP Group (new name of FHP Port Holding), based in management in Milan, manages eight port concessions in Carrara, Livorno, Monfalcone, Marghera and Chioggia, four terminals intermodal transport in Fiorenzuola d'Arda, Incoronata, Piedimonte San Germano and Villa Selva and operates a fleet of 40 locomotives and 1,240 wagons. F2i SGR expects that in 2025 the goods handled in the ports under management will reach ten million tonnes and the activity will exceed six million kilometres in Italy and other European countries (France, Austria, Poland).

FHP Group is chaired by Umberto Masucci, and is led by CEO Paolo Cornetto. Giacomo Di Patrizi, founder and historical guide of CFI since 2007, becomes vice president of FHP Group.

«The logistics sector of the so-called goods - noted Renato Ravanelli, CEO of F2i SGR - is of great strategic importance for the industry national sector: just think of the steel, pulp, cereals or Project Cargo Services. Handling, storage and transport of these materials have suffered in Italy from the strong fragmentation of operators and non-integrated management of these activities. F2i has started investing in the ports in 2019 and rail transport in 2020 with the clear strategic ambition to overcome these weaknesses pursuing its value creation strategy through the reduction of the fragmentation of operators active in sectors that they require scale of activity and integration of processes. We are therefore pleased to see this strategy also implemented in the logistics sector with the creation of FHP Group, a infrastructure that will satisfy investors in the funds managed by F2i, to domestic and foreign industrial clients for quality of services and integration of processes, contributing thus to the modernization of a strategic sector for the national economic system".