Cerved to buy Eurobank property service unit
Cerved Group is set to acquire Eurobank’s property service unit for up to €13m. The transaction, which is expected to close in the first quarter of this year, includes the lender’s entire capital share in Greece as well as its subsidiaries in Serbia and Romania. The Italian credit management company will pay an initial €8m. Depending in how well the unit performs, Cerved is prepared to pay an additional €5m.