16 November 2018, 10:00 CET

Axactor Group

Press release

Axactor adds another forward flow agreement with a new client in Norway

Oslo, November 16th 2018

Axactor Norway has complemented their existing forward flow agreements, by adding a new large financial institution to the list of clients it acquires fresh NPL volumes from. The contract period is 18 months, with an option to extend for a further 6 months. The total expected outstanding balance sold will be up to 22 mEUR across 12.500 claims.

“Norway continues to succeed in adding new volumes from high quality sellers. This contract when combined with the existing volumes, will help us to deliver significant growth in Norway in 2019.” says Stina Koren, Country manager for Axactor Norway.

This investment will be financed through 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