Regulatory Filings • Apr 11, 2019
Regulatory Filings
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Axactor acquires unsecured NPL Portfolio in Spain
Madrid, 10th April 2019
Axactor Spain has closed its first transaction in 2019 with a financial institution. The purchase is an unsecured portfolio with an unpaid balance of approximately 77 mEUR across more than 20.000 credits/loans. The portfolio represents the first sale by this financial institution in the Spanish Market.
“This is the first portfolio sale done by this financial institution in the Spanish market and we are very excited to be selected as the trusted partner. The transaction underlines our determination to build strong relationships between our company and all major financial institutions in both 3PC and NPL" says David Martín and Andrés López, General Directors of Axactor Spain.
Axactor plans to finance this acquisition by use of available cash existing credit facilities.
About Axactor
Axactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Italy, Germany, Norway, Sweden, Finland and Spain. The company has a Nordic base and an ambitious Pan-European growth strategy, which targets the market for non-performing loans (NPL) in Europe. This market is estimated to be about 1,000 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 1100 employees.
For additional information, please contact:
Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Email: [email protected]
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