Signing of Legal Services contract with Sareb
doValue is pleased to communicate that, following the formal set up of its Legal Services business unit in Spain, it has signed, through its subsidiary Altamira Asset Management, an important contract with Sareb.
Sareb has in fact decided, following the reassignment of the servicing contract in February 2022, to avail itself of qualified operators for the legal support of its portfolio of assets, as a separate specialised service from the commercial management of such assets. Under the terms of the contract, doValue will manage from a legal point of view the portfolio that was previously managed by its subsidiary Altamira Asset Management, consisting of up to 40% of Sareb’s total legal proceedings.
The contract is in line with the doValue Group strategy of further diversifying its product offering and it is an integral part of the growth plan of doValue’s activities in Spain.