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MeldingsID: 430020
Dato/tid 19.06.2017 15:56
Utsteder Axactor AB (publ)
UtstederID AXA
Instrument AXA
Marked OB
Informasjonspliktig Nei
Tittel Axactor acquires unsecured Non Performing Loan (NPL) portfolio in Germany
Oslo, 19 June 2017 - Axactor has acquired its first unsecured NPL 
portfolio originated by a large German Bank. The portfolio 
includes unsecured claims with a total Outstanding Balance (OB) of 
approximately EUR 32 million, with close to three thousand open 
accounts of individuals. Although a first in Germany, this 
acquisition means Axactor has now acquired portfolios in all 
Axactor countries during 2017, ensuring that the business 
continues to grow across the whole group.
"This is our 1st portfolio acquisition since the acquisition of 
ALTOR GmbH and complements the existing seasoned book that we 
acquired at the same time. The portfolio demonstrates our first 
step in building a solid pipeline of portfolios in what is a very 
attractive as well as competitive market for NPL sales", says 
Endre Rangnes, Axactor CEO.
"We are delighted to purchase our first portfolio as Axactor 
Germany and will be working hard to find many more and larger 
opportunities over the next 6 to 12 months in Germany", says Doris 
Pleil, Country Manager Germany.
The investments will be 100% financed by Axactor's existing cash 
and credit facilities.

For additional information, please contact:

Endre Rangnes, CEO Axactor
Mobile phone: +47 4822 1111
Email: endre.rangnes@axactor.com


Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +47 4771 0451
Email: geir.johansen@axactor.com

About Axactor
Axactor Group specializes in both Debt Collection and Debt 
Purchasing across several countries, with operations in Italy, 
Germany, Norway, Sweden and Spain. The company has a Nordic base 
and an ambitious Pan-European growth strategy, which targets the 
market for non-performing loans (NPL) in Europe. This market is 
estimated to be about 1,500 billion euros across Europe providing 
significant opportunities for Axactor's future expansion. Axactor 
has approximately 875 employees.

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