03 September 2019, 13:05 CEST

Axactor Group

Press release

Axactor acquires a large unsecured NPL Portfolio in Germany

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