ItalianNPL servicing specialist doBank announced a deal to buy 85% of Altamira Asset Management to push in to other potentially lucrative southern European markets, adding €55bn in assets undermanagement to its existing €140bn.

doBank said it is attracted by the market size and complexity of NPLs in southern Europe, identifying the region as its number one priority in terms of potential merger and acquisition activity.

Original Story: Global Capital | Asad Ali
Photo: Altamira Asset Management (LinkedIn)
Edition:Prime Yield