Strong demand for €52.3m block in Italian NPL servicer

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By Sam Kerr
08 Aug 2019

Shares in doValue, Europe’s largest corporate servicer of non-performing loans (NPLs), were snapped up during a €52.3m accelerated share sale on Wednesday night, sold by Eurocastle.

The transaction led by, Citi and JP Morgan, was wall-crossed before launch and the bookrunners had indications of interest which covered the deal at launch.

The 5m shares on offer, a 6.25% stake in doValue, were sold at €10.45 a share. That was a 9% discount ...

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