09 March 2020, 07:30 CET

Axactor Group

Press release

Axactor acquires another paying portfolio from large Italian Financial Institution

Oslo, March 9th 2020

Axactor has successfully acquired another portfolio of payment plans secured against promissory notes. This portfolio is from the same seller as the portfolio acquired in Q4 2020. This portfolio contains circa 3.000 claims with an outstanding balance of approximately 25mEur. The sale will close in March.

“This acquisition demonstrates Axactor’s clear focus on delivering revenue growth in 2020 and we are pleased to deliver it from an existing client.” says Antonio Cataneo, Axactor Italy Country Manager Germany.

This investment will be financed by Axactor’s available cash and our existing credit facilities.

For additional information, please contact:

Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Email: johnny.tsolis@axactor.com