Previous close | 1.8980 |
Open | 1.9400 |
Bid | 2.0300 x N/A |
Ask | 2.0860 x N/A |
Day's range | 1.9400 - 2.0860 |
52-week range | 1.7900 - 4.8300 |
Volume | |
Avg. volume | 1,131,424 |
Market cap | 159.582M |
Beta (5Y monthly) | 1.61 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.2300 |
Earnings date | 01 Aug 2024 |
Forward dividend & yield | 0.60 (30.15%) |
Ex-dividend date | 08 May 2023 |
1y target est | 2.60 |
(Bloomberg) -- Italian financial services specialist DoValue SpA is close to an accord with a pool of banks for about €450 million ($489 million) in credit facilities, a key step to finalize a combination with Elliott Investment Management’s Gardant SpA servicing unit.Most Read from BloombergWall Street Moves to Fastest Settlement of Trades in a CenturyIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughCatering to the U
MILAN (Reuters) -U.S. fund Elliott Management and Japan's SoftBank Group are set to merge their Italian bad loan businesses in a cash-and-shares deal, SoftBank-backed doValue said on Thursday, as the industry consolidates to weather tough times. Impaired loans at European banks have held at very low levels thanks to government support measures that cushioned the shocks from the pandemic and energy crisis. The non-binding accord to combine Elliott's Italian bad loan manager Gardant with doValue would hand the U.S. fund 20% of the combined business, doValue said.
MILAN (Reuters) -Italian debt recovery company doValue plans to diversify its sources of revenue beyond non-performing loans(NPL), its CEO said on Friday, after it reported a 19 million euro ($20.57 million) net loss for 2023. Healthier bank balance sheets mean levels of impaired loans remained low, it said, reporting a 10% drop in collections ahead of the presentation of a new business plan on March 21. "Diversification strategy is key to our resilience and long term profitability", CEO Manuela Franchi said on a conference call with analysts.