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BRIEF-Axactor acquires Non Performing Loan portfolio in Italy
September 29, 2016 / 11:41 AM / in a year

BRIEF-Axactor acquires Non Performing Loan portfolio in Italy

Sept 29 (Reuters) - Axactor AB (publ) :

* Acquires unsecured Non Performing Loan (NPL) portfolio in Italy

* Portfolio includes unsecured claims with total outstanding balance of about 59 million euros ($66.19 million)

* Portfolio transaction is secondary market purchase, with final acquisition cost around 5 pct of outstanding balance

* Investments will be 100 pct financed by co's existing credit facilities provided by company's Italian banking partners Source text: bit.ly/2cDLGaM Further company coverage: ($1 = 0.8914 euros) (Gdynia Newsroom)

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