Bain Capital Credit owns 9.8% of doValue: filing

MILANO (Reuters) – U.S. credit specialist Bain Capital Credit Member held 9.8% of Italy’s biggest bad loan specialist doValue as of April 6, a regulatory filing showed on Wednesday.

The stake is held indirectly trough Sankaty European Investments.

The filing also reported that hedge fund EJF Capital cut its stake in doValue to 1.9% from a previous 10.7% as of the same date.

(Reporting by Andrea Mandal; editing by Agnieszka Flak)