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BRIEF-Axactor buys 6th unsecured NPL portfolio in Spain
December 15, 2016 / 1:20 PM / 9 months ago

BRIEF-Axactor buys 6th unsecured NPL portfolio in Spain

Dec 15 (Reuters) - Axactor AB (publ) :

* Has acquired another unsecured Non Performing Loan (NPL) portfolio originally generated by Unicaja Banco and España Duero, two large Spanish Banks

* Portfolio includes unsecured loans with total Outstanding Balance (OB) of about 450 million euros ($468.5 million)

* Investments will be financed by its available cash and existing credit facilities

Source text for Eikon:

Further company coverage: ($1 = 0.9604 euros) (Gdynia Newsroom)

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