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BRIEF-Axactor to buy NPL portfolio in Norway
November 14, 2017 / 11:10 AM / 8 days ago

BRIEF-Axactor to buy NPL portfolio in Norway

Nov 14 (Reuters) - AXACTOR AB (PUBL):

* AXACTOR ENTERS A NEW FORWARD FLOW AGREEMENT TO ACQUIRE UNSECURED NON

* ‍TO ACQUIRE PORTFOLIOS ON A MONTHLY BASIS FROM AN INTERNATIONAL FINANCIAL INSTITUTION​

* ‍ACQUISITION WILL BE FINANCED BY AXACTOR‘S AVAILABLE CASH AND OUR EXISTING CREDIT FACILITIES​

* ‍PORTFOLIOS CONTAIN FRESHLY TERMINATED B2C CASES WITH AN ANNUAL BALANCE OF AROUND EUR 2 MILL.​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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