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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 Acquires Another Large Unsecured NPL Portfolio In Spain
Thursday, 6 Jun 2019 

June 6 (Reuters) - Axactor SE ::AXACTOR ACQUIRES ANOTHER LARGE UNSECURED NPL PORTFOLIO IN SPAIN.PURCHASE IS AN UNSECURED PORTFOLIO WITH AN OUTSTANDING BALANCE OF APPROXIMATELY 600MEUR ACROSS MORE THAN 145.000 CLAIMS.PORTFOLIO COMES WITH A SIGNIFICANT NUMBER OF PAYING CASES, INCREASING EXISTING REVENUE WITH IMMEDIATE EFFECT.  Full Article

Axactor Sweden Enters Into A New FF Agreement With Lendify
Thursday, 6 Jun 2019 

June 6 (Reuters) - Axactor SE ::AXACTOR SWEDEN ADDS A NEW FF AGREEMENT WITH LENDIFY.AXACTOR SWEDEN ADDS A NEW FF AGREEMENT WITH LENDIFY.CLAIMS ARE ALL FRESH AND CONTRACT IS EXPECTED TO START IN SEPTEMBER.FF CONTRACT WILL LAST 24 MONTHS, GENERATING A TOTAL ESTIMATED PRINCIPAL VALUE OF 15 MEUR ACROSS 1.250 CLAIMS.ACQUISITION WILL BE FINANCED THROUGH AXACTOR'S EXISTING CASH AND CREDIT FACILITIES.  Full Article

Axactor: Geveran Acquires 818,046 Shares In Co At NOK 18.75 Per Share
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Axactor SE ::GEVERAN TRADING CO HAS ON 4TH JUNE 2019 ACQUIRED 818,046 SHARES IN AXACTOR SE AT A PURCHASE PRICE OF NOK 18.75 PER SHARE.GEVERAN WILL OWN 39,390,233 SHARES IN AXACTOR WHICH WILL CONSTITUTE 25.35% OF SHARES AND VOTES IN AXACTOR.  Full Article

Axactor: Geveran Acquires 665,039 Shares In Co At NOK 18.00/Share
Friday, 31 May 2019 

May 31 (Reuters) - Axactor SE ::GEVERAN TRADING ON MAY 31 ACQUIRED 665,039 SHARES IN AXACTOR AT NOK 18.00/SHARE.WILL OWN 38,572,187 SHARES IN AXACTOR WHICH WILL CONSTITUTE 24.82% OF SHARES AND VOTES IN AXACTOR.  Full Article

Axactor Acquires Secured NPL Portfolio In Spain
Friday, 10 May 2019 

May 10 (Reuters) - Axactor SE ::AXACTOR ACQUIRES SECURED NPL PORTFOLIO IN SPAIN.AXACTOR - PURCHASE IS SECURED PORTFOLIO WITH UNPAID BALANCE OF APPROXIMATELY 40MEUR.AXACTOR - PORTFOLIO CONTAINS 276 CLAIMS WITH MORE THAN 300 FIRST CHARGE COLLATERALS.  Full Article

Axactor Q1 EBIT Rises To EUR 19.9 Million
Friday, 26 Apr 2019 

April 26 (Reuters) - Axactor SE ::PORTFOLIO INVESTMENTS AMOUNTED TO EUR 69 MILLION IN Q1.SEES ATTRACTIVE INVESTMENT OPPORTUNITIES IN NPL SEGMENT AND INCREASED FUNDING LEAVES ROOM FOR INCREASING TOTAL PLANNED INVESTMENT LEVEL IN 2019 FROM EUR 350-400 MILLION TO EUR 400-450 MILLION.PORTFOLIO INVESTMENTS AND SOLID COLLECTION PERFORMANCE POINT TOWARDS CONTINUED PROFITABLE GROWTH.GROSS REVENUE FOR THE FIRST QUARTER OF 2019 WAS EUR 90.7 MILLION.OPERATING PROFIT (EBIT) WAS EUR 19.9 MILLION IN THE FIRST QUARTER 2019 (4.8)..  Full Article

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