doValue CEO: Investing in Greece a strategic decision

The acquisition of FPS by Italian group doValue will serve as a springboard for the latter's expansion in the wider Southeastern Europe region according to its CEO Andrea Mangoni.

In an interview with Kathimerini, Mangoni says that the Italian group's aim is to become the leading servicer of nonperforming exposures in Greece ahead of the emergence of the secondary NPE market.

With the introduction of the Altamira platform and know-how, the Italian group aspires to become the top servicer in the emerging market of properties that end up in the banks' ownership, which according to doValue estimates will more than double over the next couple of years.

doValue is one of the leading NPE servicers - if not the leader - in Italy, Spain, Portugal, Cyprus and, following the agreement with Eurobank, in Greece. What is doValue's strategy in this country?<...