12 March 2018, 13:17 CET
Axactor enters a forward flow agreement with a leading consumer financing company in Sweden
Axactor has entered into a forward flow contract with a leading consumer financing company in Sweden. The claims will be acquired on a monthly basis, and Axactor estimates the annual outstanding balance to be 7-10 mEUR. This transaction will be a valuable contribution for increasing the regular NPL volumes and to continue growing the Swedish business unit.
Fredrik Kessler, Country Manager for Axactor commented:
"This acquisition shows Axactor's ability to continuously find growth opportunities in a competitive market such as Sweden. This forward flow agreement fits our core NPL business very well and the volumes will contribute to the strong and profitable revenue growth in 2018 and later years.
The investments 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