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BRIEF-Axactor buys its first secured portfolio in Spain
June 22, 2017 / 12:38 PM / 3 months ago

BRIEF-Axactor buys its first secured portfolio in Spain

June 22 (Reuters) - AXACTOR AB (PUBL)

* AXACTOR HAS ACQUIRED ITS FIRST SECURED PORTFOLIO IN SPAIN

* PORTFOLIO IS BEING SOLD BY A LARGE FINANCIAL INSTITUTION AND CONTAINS ROUGHLY 600 ASSETS WITH AN APPRAISAL VALUE OF AROUND EUR 50M

* THIS TRANSACTION WILL BE FUNDED FROM EXISTING CASH AND CREDIT LINES Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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