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Bids, Mergers and Takeovers

Arrow Global to acquire Zenith Service

06 December 2016 08:18

Arrow Global Group, one of Europe's leading purchasers and managers of debt, intends to enter the Italian market having agreed terms to acquire Zenith Service SpA for an enterprise value of €17m.

The transaction is subject to regulatory approval by the Bank of Italy.

Arrow Global says the acquisition of Zenith, a leading master servicer in the highly active €168bn Italian structured finance market, is a strategic purchase that gives Arrow immediate scale and presence in one of Europe's largest debt markets.

At 8:18am: (LON:ARW) Arrow Global Group share price was -1.62p at 292.38p

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