Et nytt kjøp i Spania

Axactor has closed its largest one-off transaction in 2019, with Banco
Santander. The purchase is an unsecured portfolio with an outstanding balance of
approximately 600mEUR across more than 145.000 claims. The portfolio comes with
a significant number of paying cases, increasing the existing revenue with
immediate effect.

"This acquisition follows the communicated strategy of opportunistically
purchasing unsecured portfolios around the group, when they complement the
existing assets and generate an immediate financial impact." say Endre Rangnes,
CEO, Axactor Group.

"This portfolio is the second large portfolio we have acquired from this
Financial Institution in Spain and we are looking forward to building on the
good experience we have had collecting on claims of this high quality." say
David Martín and Andrés López, General Directors of Axactor Spain.

Axactor plans to make this acquisition through their jointly owned SPV with
Geveran and will finance the transaction using existing cash and credit
06.06.2019 kl 12:53 462

Og her er den fra tidligere i dag i Sverige. Hadde vært artig å vite hvor mye dette koster (Tipper 1 % av principal value). Noen som har tanker rundt dette?

Axactor Sweden, has entered into a new FF agreement with Lendify. The FF
contract will last 24 months, generating a total estimated principal value of 15
mEUR across 1.250 claims. The claims are all fresh and the contract is expected
to start in September.

Lisa Sohtell, country manager Sweden, commented "The team are delighted to have
been able to close this new FF agreement in addition to the one off closed
earlier in the year."

This acquisition will be financed through Axactor's existing cash and credit