Axactor enters 1st agreement to acquire unsecured non-performing loan (NPL) portfolio in Sweden.
Oslo, 30 March 2017 - Axactor has extended an agreement to acquire portfolios from a large Nordic Financial Institution, to cover the Swedish market as well as Norway. The portfolio will be acquired on a similar basis to Norway, where the cases are acquired monthly. The cases are freshly terminated B2C, allowing Axactor to have control over the entire collection process. This first NPL transaction in Sweden will have a single digit mEUR annual capex value. Further, given the strong pipeline it is expected that Axactor will significantly increase its position in Sweden