Oslo, January 27th 2020
Axactor has renewed and expanded an existing FF, acquiring fresh NPL consumer
finance claims, with an outstanding balance of less than EUR25k. The new contract
period is for 12 months, starting in February 2020, with an expected annual
capex of around 10mEUR. The contract includes a hybrid element with part of the
FF being managed in 3PC for a period prior to acquisition.
"Axactor Norway is happy to announce this renewal, which has been developed to
include not only additional volumes, but also a hybrid element including 3PC.
The team have been working hard to expand our existing relationships and we hope
this is the first of many successes in 2020." says Stina Koren, Axactor Country
This investment will be financed by Axactor's available cash and our existing
For additional information, please contact:
Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
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