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Quaestio and Cerved sign an exclusivity undertaking for an industrial partnership in special servicing activities
Milan, 5 July 2017 – Quaestio Holding SA (“Quaestio”) has signed an exclusivity undertaking with Cerved Information Solutions SpA (“Cerved”) for the negotiation of an agreement which contemplates an industrial partnership in special servicing activities. The agreement also envisages the joint acquisition of the credit servicing platform (a.k.a. “Juliet”) of Banca Monte dei Paschi di Siena SpA (“MPS”) with respect to which Quaestio has entered into exclusive negotiations with MPS, in consideration of its role as leading investor in the securitization of its NPL portfolio.
The MPS servicing platform has been managing the non performing loan book of MPS for a number of years in an effective manner and, in virtue of the acquisition by the joint venture between Quaestio and Cerved, would be significantly reinforced, thanks to the relevant contribution in terms of know how developed by both groups in the field of non performing loans.