Informazione

Data/Ora Ricezione

Regolamentata n.

06 Novembre 2019

MTA

1967-62-2019

07:31:50

Societa'

:

doValue S.p.A.

Identificativo

:

124294

Informazione

Regolamentata

Nome utilizzatore

Tipologia

Data/Ora Ricezione

Data/Ora Inizio Diffusione presunta

  • DOVALUEN05 - Fabio Ruffini
  • REGEM
  • 06 Novembre 2019 07:31:50
  • 06 Novembre 2019 07:31:51

Oggetto

:

Unicredit securitization "Prisma": doValue

confirmed Special Servicer and appointed

Master Servicer of a portfolio worth over €

6 billion

Testo del comunicato

Vedi allegato.

PRESS RELEASE

UNICREDIT NPL SECURITIZATION "PROJECT PRISMA": DOVALUE IS CONFIRMED SPECIAL SERVICER AND APPOINTED MASTER SERVICER OF A PORTFOLIO WORTH OVER € 6 BILLION

Rome, 6 November, 2019 - doValue S.p.A. ("doValue" o "the Company") announces that it has reached an agreement with UniCredit S.p.A. ("UniCredit") which provides for the exclusive management by the doValue Group, as Master and Special Servicer, of a non-performing residential mortgage portfolio of approximately EUR 6.1 billion (gross book value).

The agreement concerns a securitization according to Italian law L.130/99 of a portfolio of non-performing residential loans, largely backed by real estate guarantees and distributed throughout Italy, s.c. "Project Prisma". In terms of size, this is the most important residential NPL securitization project in Europe.

Nearly all of the receivables covered by the transaction are already managed by doValue under the contract with UniCredit signed in 2015. Today's agreement confirms the doValue Group as the Special Servicer of the securitization and appoints it as Master Servicer for the portfolio, contributing to reinforcing the leadership of doValue in the servicing market in Southern Europe and particularly in Italy.

For loans covered by the agreement, is expected that Unicredit will initiate the process to request the guarantee on non-performing loan securitizations granted by the State pursuant to D.L.18/2016 and subsequent amendments (GACS).

***

doValue S.p.A.

doValue, formerly doBank S.p.A., is the leading operator in Southern Europe in credit management and real estate services for banks and investors.

Present in Italy, Spain, Portugal, Greece and Cyprus, doValue has over 18 years of industry experience and manages assets of about €140 billion (gross book value) with over 2,200 employees and an integrated range of services: special servicing, master servicing, real estate management and other credit management services. doValue is listed on the Electronic Stock Market (Mercato Telematico Azionario) operated by Borsa Italiana S.p.A. and, including the acquisition of Altamira Asset Management, recorded gross revenues in 2018 of about €490 million with an EBITDA margin of 37%

Contact info

Image Building

Simona Raffaelli - Emilia Pezzini dovalue@imagebuilding.it

Investor Relations - doValue S.p.A. Fabio Ruffini 06 47979154

Fine Comunicato n.1967-62

Numero di Pagine: 3

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doValue S.p.A. published this content on 06 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2019 08:49:15 UTC