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Axactor SE (AXAC.OL)

AXAC.OL on Oslo Stock Exchange

22.80NOK
25 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Axactor Acquires Unsecured NPL Portfolio In Spain
Thursday, 11 Apr 2019 

April 11 (Reuters) - Axactor SE ::AXACTOR ACQUIRES UNSECURED NPL PORTFOLIO IN SPAIN.PURCHASE IS AN UNSECURED PORTFOLIO WITH AN UNPAID BALANCE OF APPROXIMATELY 77 MEUR ACROSS MORE THAN 20.000 CREDITS/LOANS.PORTFOLIO REPRESENTS FIRST SALE BY THIS FINANCIAL INSTITUTION IN SPANISH MARKET..AXACTOR PLANS TO FINANCE THIS ACQUISITION BY USE OF AVAILABLE CASH EXISTING CREDIT FACILITIES..  Full Article

Axactor: Successful Close Of Tap Issue
Friday, 22 Mar 2019 

March 22 (Reuters) - Axactor SE ::SUCCESSFUL CLOSE OF TAP ISSUE.SUCCESSFULLY COMPLETED A TAP ISSUE OF EUR 50 MILLION IN ITS OUTSTANDING SENIOR UNSECURED BONDS.FOLLOWING TAP ISSUE TOTAL NOMINAL AMOUNT OUTSTANDING UNDER BONDS WILL BE EUR 200 MILLION.SETTLEMENT FOR TAP ISSUE IS EXPECTED TO TAKE PLACE ON OR ABOUT 26 MARCH 2019.  Full Article

Axactor SE Q4 EBITDA Rises To EUR 19.6 Million
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Axactor SE ::PROFITABLE GROWTH AND STEP CHANGE IN PORTFOLIO SIZE.AXACTOR MORE THAN DOUBLED GROSS REVENUE TO EUR 75 MILLION IN Q4 2018 (EUR 34M).Q4 2018 WAS A VERY ACTIVE QUARTER FOR AXACTOR.Q4 EBITDA EUR 19.6 MILLION VERSUS EUR 5.6 MILLION YEAR AGO.AXACTOR PLANS FOR A TOTAL INVESTMENT LEVEL OF EUR 350-400 MILLION IN 2019.AXACTOR EXPECTS TO DEPLOY BETWEEN EUR 350M AND EUR 400M IN PORTFOLIO CAPEX DURING 2019.EXPECTS THAT INCREASED SCALE, A LEAN ORGANIZATION AND CONTINUED SHARP FOCUS ON EFFICIENCY WILL GENERATE PROFITABLE GROWTH IN 2019.  Full Article

Axactor Acquires Large Unsecured NPL Portfolio In Spain
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Axactor SE ::AXACTOR ACQUIRES LARGE UNSECURED NPL PORTFOLIO IN SPAIN.PURCHASE IS AN UNSECURED PORTFOLIO WITH AN OUTSTANDING BALANCE OF APPROXIMATELY 940 MEUR ACROSS MORE THAN 100.000 CLAIMS.PORTFOLIO COMES WITH A SIGNIFICANT NUMBER OF PAYING CASES, INCREASING EXISTING REVENUE FROM UNSECURED PORTFOLIOS BY MORE THAN 40% IN 2019.PLANS TO MAKE THIS ACQUISITION THROUGH THEIR JOINTLY OWNED SPV WITH GEVERAN.WILL FINANCE TRANSACTION USING EXISTING CASH AND CREDIT FACILITIES.  Full Article

Axactor Closes FF Agreement With Large Financial Institution
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Axactor SE ::AXACTOR CLOSES ANOTHER FF AGREEMENT WITH A LARGE FINANCIAL INSTITUTION.CONTRACT WILL BE FOR 18 MONTHS, WITH A TOTAL ESTIMATED PRINCIPAL VALUE OF 126 MEUR ACROSS 7.000 CLAIM.AXACTOR PLANS TO MAKE ACQUISITION THROUGH THEIR JOINTLY OWNED SPV WITH GEVERAN.AXACTOR WILL FINANCE TRANSACTION USING EXISTING CASH AND CREDIT FACILITIES..  Full Article

Axactor Norway Complements Existing Forward Flow Agreements
Friday, 16 Nov 2018 

Nov 16 (Reuters) - Axactor SE ::AXACTOR ADDS ANOTHER FORWARD FLOW AGREEMENT WITH A NEW CLIENT IN NORWAY.AXACTOR ADDS ANOTHER FORWARD FLOW AGREEMENT WITH A NEW CLIENT IN NORWAY.AXACTOR NORWAY HAS COMPLEMENTED THEIR EXISTING FORWARD FLOW AGREEMENTS,.TOTAL EXPECTED OUTSTANDING BALANCE SOLD WILL BE UP TO 22 MEUR ACROSS 12.500 CLAIMS..CONTRACT PERIOD IS 18 MONTHS, WITH AN OPTION TO EXTEND FOR A FURTHER 6 MONTHS..  Full Article

Axactor Signs A Large Forward Flow Agreement In Sweden
Wednesday, 5 Sep 2018 

Axactor SE ::AXACTOR SIGNS A LARGE FORWARD FLOW AGREEMENT IN SWEDEN.DURATION OF AGREEMENT IS 24 MONTHS.AXACTOR SWEDEN HAVE SIGNED ANOTHER FORWARD FLOW CONTRACT WITH A LARGE SCANDINAVIAN FINANCIAL INSTITUTION.AXACTOR WILL ACQUIRE AN OUTSTANDING BALANCE OF APPROXIMATELY 40MEUR OVER 2 YEARS, ACROSS 7.000 CASES.AXACTOR PLANS TO FINANCE TRANSACTION BY USE OF AVAILABLE CASH AND EXISTING CREDIT FACILITIES..  Full Article

Axactor Signs Forward Flow Agreement In Sweden
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Axactor SE ::AXACTOR SIGNS FORWARD FLOW AGREEMENT IN SWEDEN.HAS SIGNED A FORWARD FLOW CONTRACT FOR CONSUMER CREDITS WITH A MID-SIZE EUROPEAN BANK.INITIAL DURATION OF AGREEMENT IS 12 MONTHS.WILL ACQUIRE MICRO LOANS WITH A TOTAL OUTSTANDING BALANCE (OB) PER ANNUM OF APPROXIMATELY EUR 7,2 MILLION DISTRIBUTED ON AN ESTIMATE OF 8200 CASES.PLANS TO FINANCE TRANSACTION BY USE OF AVAILABLE CASH EXISTING CREDIT FACILITIES.  Full Article

Axactor Q2 EBITDA Rises To EUR 10.6 Million
Wednesday, 25 Jul 2018 

July 25 (Reuters) - AXACTOR AB (PUBL) ::Q2 GROSS REVENUE EUR 66.7 MILLION VERSUS EUR 26.9 MILLION YEAR AGO.Q2 EBITDA EUR 10.6 MILLION VERSUS EUR 6.1 MILLION YEAR AGO.EXPECTS MONTHLY INVESTMENT OF AT LEAST EUR 15M FLOW PORTFOLIOS WHEN ALL CONTRACTS ARE FULLY OPERATIONAL FROM Q3.  Full Article

Axactor - John Fredriksen's company raises stake
Friday, 18 May 2018 

May 18 (Reuters) - Axactor AB (publ) ::GEVERAN TRADING CO. LIMITED ("GEVERAN"), A COMPANY INDIRECTLY CONTROLLED BY TRUSTS ESTABLISHED BY MR. JOHN FREDRIKSEN FOR BENEFIT OF HIS IMMEDIATE FAMILY, HAS ON 18TH MAY 2018 ACQUIRED 21,733,637 SHARES IN AXACTOR AT NOK 2.78 EACH.FOLLOWING ACQUISITION, GEVERAN WILL OWN 217,236,137 SHARES IN AXACTOR WHICH WILL CONSTITUTE 14.07% OF SHARES AND VOTES IN AXACTOR.GEVERAN ALSO HOLDS 130,000,000 WARRANTS EXCHANGEABLE INTO 130,000,000 ORDINARY SHARES IN AXACTOR.ASSUMING ALL WARRANTS ARE EXERCISED, GEVERAN WOULD OWN 347,236,137 SHARES IN AXACTOR CONSTITUTING 22.48% OF SHARES AND VOTES.  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.