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MeldingsID: 434435
Dato/tid 11.09.2017 11:28
Utsteder Axactor AB (publ)
UtstederID AXA
Instrument AXA
Marked OB
Kategori IKKE-INFORMASJONSPLIKTIGE PRESSEMELDINGER
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Tittel Axactor Germany makes two NPL acquisitions from two large financial institutions
Tekst
Oslo, 11 September 2017 - Axactor has acquired two portfolios of NPL 
Loans including auto financing and personal loans in Germany. The 
portfolios have an outstanding balance of EUR25.7m across over 4,000 
cases, with both containing a significant number of existing payment 
plans, generating cashflow right from the acquisition.

The transactions complement the recent service contract announced 
last month, further strengthening the Axactor hybrid model focusing 
both on servicing and purchasing NPL claims across key European 
markets.

Doris Pleil, country manager and managing director Germany, 
commented "These purchases show further growth in the owned 
portfolios in Germany for Axactor. I am very happy with the 
development in Germany and expect to see further purchases soon."


For additional information, please contact:

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

or

Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +47 4771 0451
Email: geir.johansen@axactor.com
www.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 888 employees. 

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