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Cerved Group SpA (CERV.MI)

CERV.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Italy's Fedrigoni to appoint former Cerved boss Nespolo as CEO
Friday, 12 Oct 2018 01:30pm EDT 

Oct 12 (Reuters) - Cerved Group::ITALIAN PAPER MILL FEDRIGONI SAYS TO APPOINT FORMER CERVED CEO MARCO NESPOLO AS CHIEF EXECUTIVE FROM NOV. 15.  Full Article

Cerved FY Adj. Net Profit Up At EUR 98.2 Mln
Monday, 26 Feb 2018 11:46am EST 

Feb 26 (Reuters) - CERVED INFORMATION SOLUTIONS SPA ::FY REVENUE EUR 401.4 MILLION VERSUS EUR 377.0 MILLION YEAR AGO.FY ADJUSTED NET PROFIT EUR 98.2 MILLION VERSUS EUR 92.0 MILLION YEAR AGO.PROPOSES DIVIDEND OF EUR 0.27 PER SHARE.FY NET PROFIT EUR 58.3 MILLION VERSUS EUR 48.7 MILLION YEAR AGO.GROUP’S SCENARIO FOR 2018 CALLS FOR GAINS IN REVENUES AND EBITDA.  Full Article

Cerved Information Solutions Acquires Credit Management Srl From Banca Popolare Di Bari
Tuesday, 2 Jan 2018 02:27am EST 

Jan 2 (Reuters) - CERVED INFORMATION SOLUTIONS SPA ::SAID ON FRIDAY THAT UNDER THE INDUSTRIAL PARTNERSHIP AGREEMENT WITH BANCA POPOLARE DI BARI (BPB), THE COMPANY HAS ACQUIRED CREDIT MANAGEMENT SRL FROM BPB FOR EUR 18 MILLION.THERE CAN BE ADDED AN EARN-OUT OF UP TO 3.0 MILLION EUROS, WHICH IS BASED ON THE ECONOMIC RESULTS ACHIEVED UP TO 2021.  Full Article

Cerved Board Approves Incorporation Of Units Cerved Group And Consit Italia
Tuesday, 28 Nov 2017 02:27am EST 

Nov 28 (Reuters) - CERVED INFORMATION SOLUTIONS SPA ::SAID ON MONDAY BOARD HAD APPROVED THE INCORPORATION OF UNIT CERVED GROUP AND INDIRECT UNIT OF CERVED GROUP.CERVED GROUP OWNS 94.3 PCT OF CONSIT ITALIA.TO ASSIGN 3.05 CERVED INFORMATION GROUP SHARES PER EACH SHARE HELD IN CONSIT ITALIA.TO CARRY OUT A CAPITAL INCREASE FOR THE NOMINAL AMOUNT OF UP TO EUR 71,206.00 TO INCORPORATE CONSIT ITALIA, CORRESPONDING TO UP TO 275,226 NO-PAR VALUE SHARES.TRANSACTIONS ARE EXPECTED TO BE COMPLETED BY MARCH 31, 2018 .  Full Article

Cerved 9-month net profit up at EUR 38.2‍​ mln
Friday, 27 Oct 2017 10:06am EDT 

Oct 27 (Reuters) - CERVED INFORMATION SOLUTIONS SPA :9-MONTH ADJUSTED NET PROFIT EUR ‍68.4​ MILLION VERSUS EUR 62.2 MILLION YEAR AGO.9-MONTH REVENUE EUR ‍288.9​ MILLION VERSUS EUR 270.8 MILLION YEAR AGO.9-MONTH NET PROFIT EUR 38.2‍​ MILLION VERSUS EUR 28.9 MILLION YEAR AGO.BOARD RESOLVES TO START PRELIM ASSESSMENT OF TENTATIVE GROUP REORGANIZATION‍​.REORGANIZATION WOULD INVOLVE INCORPORATION OF UNIT CERVED GROUP.SCENARIO FOR 2017 CALLS FOR GAINS IN REVENUES AND EBITDA.  Full Article

Cerved Information Solutions unit to act as special servicer for Atlante II fund‍​
Tuesday, 17 Oct 2017 01:40am EDT 

Oct 17 (Reuters) - CERVED INFORMATION SOLUTIONS SPA :SAYS CERVED CREDIT MANAGEMENT S.P.A APPOINTED TO ACT AS SPECIAL SERVICER FOR ATLANTE II FUND‍​.SPECIAL SERVICING ACTIVITIES ARE RELATED TO ABOUT EUR 13 BILLION OF NON-PERFORMING LOANS GENERATED BY MONTE DEI PASCHI DI SIENA.  Full Article

Cerved to develop with Banca Popolare di Bari partnership to manage bank's NPLs
Wednesday, 20 Sep 2017 02:11am EDT 

Sept 20 (Reuters) - CERVED INFORMATION SOLUTIONS SPA ::SAID ON TUESDAY ITS UNIT CERVED GROUP HAD SIGNED AN AGREEMENT WITH BANCA POPOLARE DI BARI.TO DEVELOP WITH BANCA POPOLARE DI BARI A LONG-TERM INDUSTRIAL PARTNERSHIP TO MANAGE THE BANK'S NON-PERFORMING LOANS AND UNLIKELY TO PAY EXPOSURES.CLOSING OF THE TRANSACTION IS ENVISAGED IN Q4 2017.TO BUY, FOR 18.0 MLN EUROS, 100 PCT OF A NEWLY INCORPORATED COMPANY WHICH WILL ENTER INTO A TEN YEAR AGREEMENT FOR THE MANAGEMENT OF NPLS WITH THE BANK.COMPANY TO INITIALLY MANAGE 1.1 BLN EUROS OF NPLS, IN ADDITION TO 75% OF FUTURE FLOWS OF NPL AND 55% OF FUTURE FLOWS OF UNLIKELY TO PAY EXPOSURES FROM THE BANK .UP TO EURO 3.0 MILLION IN THE FORM OF AN EARN-OUT WILL BE DUE UPON REACHING CERTAIN ECONOMIC RESULTS ACHIEVED BY 2021.  Full Article

Monte dei Paschi sells bad loan platform to Cerved and Quaestio for 52.2 mln euros
Wednesday, 2 Aug 2017 02:58pm EDT 

Aug 2 (Reuters) - Italian lender Banca Monte dei Paschi di Siena says: :Reached deal with banking fund manager Quaestio and Cerved Group for sale of bad loan platform.Sale worth at least 52.2 million euros, could add 33.8 million euro in earn out based on results by 2025.Deal is part of Monte dei Paschi's restructuring plan.Deal includes multi-year outsourcing and servicing contract for future bad loans.Deal expected to close in first quarter of 2018, subject to approval of competition authorities.  Full Article

Cerved H1 adj. net profit up at EUR 48.6 mln
Friday, 28 Jul 2017 08:49am EDT 

July 28 (Reuters) - CERVED INFORMATION SOLUTIONS SPA ::H1 REVENUE EUR 200.7 MILLION VERSUS EUR 187.8 MILLION YEAR AGO.H1 ADJUSTED NET PROFIT EUR 48.6 MILLION VERSUS EUR 44.0 MILLION YEAR AGO.H1 NET PROFIT EUR 24.8 MILLION VERSUS EUR 24.0 MILLION YEAR AGO.FOR 2017 SEES GAINS IN REVENUES AND EBITDA BASED ON THE CONTRIBUTION OF ALL DIVISIONS.  Full Article

Quaestio, Cerved sign accord for partnership related to Monte Paschi bad debt
Wednesday, 5 Jul 2017 06:22am EDT 

July 5 (Reuters) - Quaestio, the manager of Italian bank rescue fund Atlante II, and Cerved say in a joint statement::have signed exclusivity accord for industrial partnership in special servicing activities .agreement also envisages the joint acquisition of the credit servicing platform of Monte dei Paschi for which Quaestio has entered into exclusive negotiations with the bank.  Full Article

BRIEF-Cerved Group Q1 Net Profit Up At EUR 16.0 Mln

* Q1 REVENUE EUR 105.3 MILLION VERSUS EUR 97.2 MILLION YEAR AGO