Italy's doValue signs two new servicing deals in Greece for 1 bln euros
MILAN, May 10 (Reuters) -Italy's biggest bad loan manager doValue DOVA.MI said on Friday its Greek subsidiary signed two new servicing agreements in Greece for portfolios with a total gross book value (GBV) of 1 billion euros ($1.08 billion).
The first agreement - Project Amoeba - has a GBV of about 800 million euros and was signed with Bain Capital Credit. The second accord - Project Heliopolis II - was signed with EOS Group and is worth around 202 million euros.
"This achievement firmly establishes doValue Greece as the market leader in both primary and secondary deals and puts the Company (in a position) to meet its target for new business in 2024," a statement said.
($1 = 0.9279 euros)
Reporting by Alessia Pé, editing Giulia Segreti
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