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MeldingsID: 436452
Dato/tid 16.10.2017 11:37
Utsteder Axactor AB (publ)
UtstederID AXA
Instrument AXA
Marked OB
Informasjonspliktig Nei
Tittel Axactor acquires an Auto Loan Portfolio in Spain from major European car manufacturer
Oslo, 16 October 2017 - Axactor has acquired an Auto Loan Portfolio 
in Spain from one of the major European car manufacturers, the total 
outstanding balance was close to EURO 100m and there were more than 
10.000 claims in the portfolio. The portfolio contains a high level 
of cases in the legal process and contains a high quality of data 
and documentation. The acquisition will be closed with a co-
investment partner, Plataforma Legal, taking a minority interest 
along with providing specialist collection services. The combination 
of Axactor and Plataforma Legal was a key factor in successfully 
closing this deal.

"Axactor's focus on quality in the Spanish market continues to 
deliver growth. This portfolio, given its legal status, was a 
perfect fit for Axactor as well as enabling the relationship with 
Plataforma Legal, which could potentially lead to further 
acquisitions in the future. The whole team are very pleased to have 
been successful in this transaction", says Andrés López and David 
Martín, General Managers of Axactor Spain. 

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 888 employees. 

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