Axactor ASA announces sale of smaller-sized portfolios

Axactor has entered into binding agreements to sell smaller-sized portfolios in Germany and Spain, specifically from the oldest remaining vintages. The total proceeds from these transactions  are approximately EUR 15 million, with the portfolios being sold at a premium of more than 20% over book value.

"These steps are taken to ensure a healthy balance sheet and align with our strategy to renew the book," says CEO Johnny Tsolis.