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2016-03-04

Axactor AB: Axactor acquires the 2nd unsecured Non Performing Loan (NPL) portfolio in Spain

Axactor has acquired an unsecured NPL portfolio originally generated
by a large Spanish consumer finance institution. The portfolio
includes unsecured loans with a total Outstanding Balance (OB) of
approximately EUR 18 million, with more than seven thousand open
accounts of individuals and a solid paying book. Axactor will pay
around 6.5% of the Outstanding Balance.

"This is our 2nd portfolio acquisition in Spain in less than 30 days,
and is an evidence of our competitiveness and active presence in this
market. The portfolio will add new volumes to our amicable and legal
operations in Spain. We are positioning Axactor to gain more business
in Spain and other countries in Europe", says Endre Rangnes, Axactor
CEO.

The investments will be financed by Axactor's available cash and our
credit facilities with DNB.

For additional information, please contact:

Geir Johansen, CFO & Investor Relations, Axactor

Mobile phone: +4747710451

Email: geir.johansen@axactor.com

www.axactor.com

Axactor is a newly established company within the credit management
service industry - with a Nordic base, and with an ambitious
Pan-European growth strategy. The company is addressing a large
non-performing loan (NPL) market in Europe, estimated to around EUR
1.5 trillion, and the main focus in the credit management value chain
is: reminder services, amicable and legal collection, surveillance
and acquisition of NPLs. As a first step in the Pan-European growth
strategy Axactor acquired in November/December 2015 the company ALD
Abogados, a leading legal debt collection agency in Madrid with 90
employees. In addition, an amicable high volume collection center
with 65 employees has been established in Valladolid, Spain .

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http://news.cision.com/axactor-ab/r/axactor-acquires-the-2nd-unsecured-n...
http://mb.cision.com/Main/852/9929139/484946.pdf

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