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Axactor SE (AXAC.OL)

AXAC.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Axactor To Start Acquiring Fresh Claims From Instabank in Finalnd
Friday, 21 Dec 2018 

Dec 21 (Reuters) - Axactor SE ::AXACTOR EXPANDS PARTNERSHIP WITH INSTABANK ACROSS THE NORDICS WITH NEW FORWARD FLOW DEAL.TOTAL CAPEX FOR 12-MONTH CONTRACT IS EXPECTED TO BE BETWEEN 4 MEUR AND 5 MEUR.AXACTOR HAS REACHED AN AGREEMENT TO START ACQUIRING FRESH CLAIMS FROM INSTABANK IN FINLAND.THIS ACQUISITION WILL BE FINANCED THROUGH AXACTOR'S EXISTING CASH AND CREDIT FACILITIES.  Full Article

Axactor Sweden Closes New FF Agreement
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Axactor SE ::AXACTOR SWEDEN CLOSES A NEW FF AGREEMENT.FF CONTRACT WILL BE FOR 12 MONTHS, WITH A TOTAL ESTIMATED PRINCIPAL VALUE OF 5 MEUR ACROSS 1.000 CLAIMS.AXACTOR SWEDEN, HAS ENTERED INTO A NEW FF AGREEMENT WITH ANOTHER FINANCIAL INSTITUTION.  Full Article

Axactor Acquires Another Portfolio Of Claims In Italy
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Axactor SE ::ACQUIRES ANOTHER LARGE PORTFOLIO OF CONSUMER CLAIMS IN ITALY.PORTFOLIO HAS AN OUTSTANDING BALANCE OF APPROXIMATELY 145 MEUR.INVESTMENTS WILL BE FINANCED THROUGH AXACTOR EXISTING CASH AND CREDIT FACILITIES.  Full Article

Axactor Acquires Large Portfolio Of Consumer Claims In Italy
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Axactor SE ::AXACTOR GROUP ACQUIRES LARGE PORTFOLIO OF CONSUMER CLAIMS IN ITALY.PORTFOLIO HAS AN OUTSTANDING BALANCE OF APPROXIMATELY 70 MEUR, ACROSS 10.000 CASES.  Full Article

Axactor: Geveran Buys 1.3 Mln Shares In Co
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Axactor SE ::GEVERAN HAS ON 20ST NOVEMBER 2018 ACQUIRED 1,250,000 SHARES IN AXACTOR SE AT A PURCHASE PRICE OF NOK 21.24 PER SHARE.AFTER ACQUISITION, GEVERAN WILL OWN 27,561,734 SHARES IN AXACTOR WHICH WILL CONSTITUTE 17.79% OF SHARES AND VOTES IN AXACTOR.  Full Article

Axactor Acquires Portfolio Of Unsecured Consumer Claims
Monday, 12 Nov 2018 

Nov 12 (Reuters) - AXACTOR SE ::AXACTOR CLOSES LARGE NPL ACQUISITION WITH GLOBAL FINANCIAL INSTITUTION.AXACTOR GERMANY, HAS ACQUIRED A PORTFOLIO OF UNSECURED CONSUMER CLAIMS FROM A LARGE FINANCIAL INSTITUTION.  Full Article

Geveran Buys 175,000 Shares In Axactor At Purchase Price Of NOK 21.95/Shr
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Axactor SE ::GEVERAN ACQUIRED 175,000 SHARES IN AXACTOR AT A PURCHASE PRICE OF NOK 21.95 PER SHARE.AXACTOR - FOLLOWING ACQUISITION, GEVERAN WILL OWN 26,051,734 SHARES IN AXACTOR WHICH WILL CONSTITUTE 16.87% OF SHARES AND VOTES IN AXACTOR.  Full Article

Axactor Acquired Largest Unsecured NPL Portfolio Since Starting Up In Q4 Of 2015
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Axactor Se ::CURES ENTRY TO FINLAND WITH THE ACQUISITION OF A LARGE UNSECURED.ACQUIRED LARGEST UNSECURED NPL PORTFOLIO SINCE STARTING UP IN Q4 OF 2015.ACQUISITION ALONE WILL INCREASE AXACTOR'S ERC BY 15%..AXACTOR WILL ACQUIRE THIS PORTFOLIO THROUGH THEIR JOINTLY OWNED SPV WITH GEVERAN.PORTFOLIO IS ORIGINATED BY BANK NORWEGIAN IN FINLAND AND CONTAINS UNSECURED CONSUMER CLAIMS WITH A TOTAL OUTSTANDING BALANCE (OB) OF APPROXIMATELY 160 MEUR, ACROSS MORE THAN 16,000 THOUSAND CREDIT CARD AND PERSONAL LOAN ACCOUNTS.  Full Article

Axactor SE Q3 EBITDA Up At EUR 10.0 Million
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Axactor SE ::IN Q3 OF 2018 AXACTOR DELIVERS A 397% EBITDA GROWTH COMPARED TO SAME QUARTER IN 2017.EBITDA ENDED AT EUR 10.0 MILLION AND CASH EBITDA AT EUR 32.7 MILLION IN Q3 OF 2018.GROSS REVENUE FOR Q3 OF 2018 ENDED AT EUR 56.5 MILLION, COMPARED TO EUR 23.6 MILLION IN CORRESPONDING QUARTER LAST YEAR.  Full Article

Axactor Acquires An Unsecured NPL Portfolio In Spain
Tuesday, 23 Oct 2018 

Axactor SE ::AXACTOR ACQUIRES AN UNSECURED NPL PORTFOLIO IN SPAIN.WILL MANAGE A PURCHASED DEBT PORTFOLIO OF MORE THAN EUR 5 BILLION IN FACE VALUE..AXACTOR - ACQUIRED PORTFOLIO HAS OUTSTANDING BALANCE OF ABOUT EUR 180M AND CLOSE TO THREE THOUSAND CASES.  Full Article

Bank Norwegian's owner reports surge in Q3 losses as Finland weighs

OSLO, Oct 30 Norwegian Finans Holding, the owner of the fast growing lender Bank Norwegian, reported on Tuesday a surge in loan loss provisions in the third quarter amid problems at its Finnish unit.