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Assignment of “Astir I” portfolio management by the Special Purpose Vehicle under the corporate name "LOUSIOS Limited" to Quant

Written by Quant[EN] | Oct 20, 2023 7:38:00 AM

The special purpose vehicle under the corporate name "ASTIR NPL FINANCE 2020-1 DESIGNATED ACTIVITY COMPANY", with its head office in Dublin, Ireland, has proceeded in accordance with the provisions of article 3 of Law no. 4354/2015 (as amended), with the sale and transfer of its receivables from the Non-Performing Loan (NPL) portfolio of the securitization section "Astir I", to a special purpose vehicle (SPV) under the corporate name "LOUSIOS LIMITED", which is based and operating in London and further established by "AB CarVal Investors, L.P." managed invested funds. Consequently, LOUSIOS LIMITED is now the new beneficiary of any claims arising from the above transaction.

Upon acquisition of the aforementioned receivables, "LOUSIOS LIMITED" has re-transferred the management of the said receivables to "QQUANT MASTER SERVICER SINGLE COMPANY FOR LOAN AND CREDIT CLAIMS MANAGEMENT", as per provisions of the relevant contract of 29.9.2023. Also, this transaction has further elevated the position of "QQUANT MASTER SERVICER SINGLE-PROFIT SOCIETY FOR LOAN AND CREDIT CLAIMS MANAGEMENT" in the secondary market's NPL transactions.