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31 July 2018
Axactor acquires the project "Navia"
Axactor has closed with Sareb the purchase of the Navia project, an unsecured portfolio with a nominal value of approximately 2,300 million euros and close to four thousand files.
This acquisition is the largest that Axactor has made in Spain, managing more than 5,000 million in debt purchased in the Spanish market.
The company listed on the Norwegian stock exchange continues its consolidation in the sector, diversifying investments in all NPLs segments, both secured, unsecured and REOs, and ensuring management throughout the value chain.
The diversification that the company is carrying out is not only carried out in the type of portfolios acquired, but also Axactor combines the purchase of portfolios with third-party service, exceeding 20,000 million euros in management.
David Martín and Andrés López, Managing Directors of Axactor Spain: "Today we are pleased to announce the purchase of the first unsecured portfolio that Sareb sells in Spain, representing a great milestone for us since we also significantly increased our volume of debt management acquired" .