(Alliance News) - doValue Spa on Friday announced that its subsidiary, doValue Greece Loan and Credit Claim Management Company S.A. has

signed two new servicing contracts in Greece.

The first agreement, known as "Project Amoeba," involves the management of a portfolio of secured, unsecured, retail and corporate non-performing loans (NPLs) worth approximately EUR800 million GBV with Bain Capital Credit.

The second agreement, "Project Heliopolis II," involves the management of a portfolio of NPLs worth about EUR202 million GBV with EOS Group.

Together, these agreements represent a total of about EUR1.0 billion GBV for doValue Greece.

"The Amoeba project marks a significant expansion of the quality and quantity of doValue's assets under management in Greece, further strengthening the relationship with Bain Capital Credit," reads the released note.

doValue opened Friday's trading in green by 7.3 percent at EUR2.16 per share

By Maurizio Carta, Alliance News reporter

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