Oslo 10 May 2019 -
Madrid, 10th May 2019
Axactor Spain has closed another transaction with a financial institution. The
purchase is a secured portfolio with an unpaid balance of approximately 40mEUR,
containing 276 claims with more than 300 first charge collaterals. The portfolio
represents the first sale of secured credits by this financial institution in
the Spanish Market.
"Following a long period of focusing on unsecured NPL portfolios, Axactor is
very pleased to close this small secured transaction, which originated from the
same client as the recent unsecured portfolio closed in April. The transaction
demonstrates Axactor is still focused on all NPL asset classes, providing our
clients with solutions for all their NPL needs in addition to the usual 3PC
services." says David Martín and Andrés López, General Directors of Axactor
Axactor plans to finance this acquisition by use of available cash existing
Axactor Group specializes in both Debt Collection and Debt Purchasing across
several countries, with operations in Finland, Italy, Germany, Norway, Sweden
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