Axactor Italy acquires paying portfolio from large Italian financial institution
Oslo, 14th October 2019 Axactor Italy, an Axactor group company, has been successful in acquiring a large portfolio of payment plans secured against promissory notes. The portfolio contains 7.000 claims with an outstanding balance of 60 mEUR, where all claims are in an active payment arrangement. The portfolio acquisition is expected to close in December 2019. Antonio Cataneo, country manager for Axactor Italy, commented “Axactor Italy is happy to announce this acquisition, based on the quality of the portfolio and the immediate impact it has on both the revenue and profitability of