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Axactor acquires a large unsecured NPL Portfolio in Germany

Axactor Group

Oslo 03 September 2019 - Axactor Germany has closed a bilateral one-off transaction, the purchase is an unsecured portfolio with an outstanding balance of approximately 145mEUR across more than 65.000 claims. The portfolio comes with a significant number of paying cases, increasing the existing revenue with immediate effect. "This portfolio acquisition is from a Financial Institution where we have a strong existing relationship, giving us the ability to leverage the business further through our close co-operation." says Holger Mueller, Financial Director Germany. Axactor plans to finance this acquisition by use of available cash existing credit facilities. For additional information, please contact: Johnny Tsolis, CFO, Axactor Mobile phone: +47 913 35 461 Email: johnny.tsolis@axactor.com About Axactor Axactor Group is a next-generation debt management company operating in Norway, Sweden, Finland, Germany, Spain and Italy with an ambitious European growth strategy. Axactor acquires and collects on own portfolios of non-performing loans and also provides debt collection and accounts receivable management for third parties. The debt collection market is estimated to about 1,000 billion euros across Europe, providing significant opportunities for future expansion. The company has approximately 1100 employees. To learn more, visit www.axactor.com