Finans

06.12.2018 kl 08:50 2856

06/12-2018 08:01:26: (AXA) Axactor Group acquires large portfolio of consumer claims in Italy
Oslo, 6th December 2018

Axactor has acquired another significant portfolio of unsecured consumer claims
from a large financial institution in Italy. The acquisition is the second
portfolio from this seller after the team acquired their last portfolio at the
end of 2017. The portfolio has an outstanding balance of approximately 70 mEUR,
across 10.000 cases.

Endre Rangnes, CEO Axactor Group, commented This acquisition is another
significant investment for Axactor Group in Italy and comes from a seller we
have worked with before. The team continue to work on several other important
transactions, which we expect to compliment this purchase over the coming
months.

The investments will be financed through Axactor existing cash and credit
facilities.

For additional information, please contact:

Johnny Tsolis, CFO, Axactor

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