(Alliance News) - doValue Spa announced Friday that it has been awarded the servicing contract for approximately EUR500 million of GBV of secured NPLs in Spain by an investor.

About EUR170 million of GBV, already managed by doValue, is confirmed in addition to about EUR330 million of new GBV.

Management of the portfolio will start in the first quarter of 2024.

The deal, the company points out in a note, "reflects the differentiation strategy implemented by doValue Spain in terms of clients, portfolios and services."

doValue's stock trades in the green by 2.9 percent at EUR3.02 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.