Axactor acquires a new large primary portfolio in Spain
Oslo, 12 June 2017 - Axactor has closed another large primary transaction in Spain, this transaction is from Santander. The portfolio has an outstanding balance in excess of EUR 300 million across more than 60.000 cases. The portfolio represents close to 40% ERC growth in Spain and 16% for the Axactor Group, which means that over the last 6 months the portfolio business has now deployed Capex of EUR 110 million outside Italy - close to what has been expected for the whole of 2017. "This transaction closes a very interesting initial 18 months period for the Axactor Group.