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Capital/Financing Update • Jun 19, 2024
4145_tar_2024-06-19_17df0828-d59b-43c1-914c-33bd19698af0.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 1967-66-2024 |
Data/Ora Inizio Diffusione 19 Giugno 2024 19:19:43 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | DOVALUE | |
| Identificativo Informazione Regolamentata |
: | 192442 | |
| Utenza - Referente | : | DOVALUEN06 - Della Seta | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 19 Giugno 2024 19:19:43 | |
| Data/Ora Inizio Diffusione | : | 19 Giugno 2024 19:19:43 | |
| Oggetto | : | S&P and Fitch affirm "BB" rating and "Stable" outlook following the announcement of the binding agreement for the acquisition of Gardant |
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| Testo del comunicato |
Vedi allegato
PRESS RELEASE
S&P AND FITCH AFFIRM "BB" RATING AND "STABLE" OUTLOOK FOLLOWING THE ANNOUNCEMENT OF THE BINDING AGREEMENT FOR THE ACQUISITION OF GARDANT
Rome, June 19th, 2024 – doValue S.p.A. ("doValue", the "Company") is pleased to communicate that, following the announcement of the binding agreement for the acquisition of Gardant, S&P Global Ratings and Fitch Ratings have affirmed the Company's Issuer Credit Rating and Issuer Default Rating to "BB" with a "Stable" outlook.
The rating confirmation and "Stable" outlook reflect the expectation that a successful integration of Gardant will enable doValue to reduce leverage.
The Company continues to work over a smooth closing of the acquisition within the expected timeline.
***
The doValue Group is the leading operator in Southern Europe in credit and real estate management services. With an experience of more than 20 years and approximately €116 billion in assets under management (Gross Book Value) as at 31 December 2023 across Italy, Spain, Portugal, Greece and Cyprus, the doValue Group's business contributes to the economic growth by fostering the sustainable development of the financial system. The doValue Group offers an integrated range of credit management services: servicing of Non-Performing Loans (NPL), Unlikely To Pay (UTP), Early Arrears, performing loans, Master Legal, Due Diligence, data processing and Master Servicing.
The shares of doValue are listed on the STAR segment of Euronext Milan (EXM) and, in 2023, the Group reported Gross Revenue of €486 million and EBITDA excluding non-recurring items of €179 million.
Contacts
Image Building doValue
Media Relations Investor Relations Raffaella Casula (+39 348 306 7877) Daniele Della Seta (+39 06 4797 9184) Francesca Alberio, Matilde Tagliavini (+39 02 89011300) [email protected] [email protected]
| Fine Comunicato n.1967-66-2024 | Numero di Pagine: 3 |
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