Project Sky: new servicing mandate for €2.2 billion
doValue is pleased to announce the signing of a memorandum of understanding with an affiliate of Cerberus for the exclusive management of a portfolio of non-performing loans originated in Cyprus with a Gross Book Value of approximately €2.2 billion.
The MoU has been executed by doValue’s subsidiary Altamira Asset Management Cyprus.
With Project Sky, doValue further diversifies its business, by bringing onboard Cerberus as a new client.
Project Sky is an important step for doValue in the Hellenic Region, a key component of the Business Plan 2022-2024 presented on January 26th, 2022.