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United Kingdom

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. 

Company Quote

19.4
-0.3 -1.52%
20 May 2019