AXACTOR ACQUIRES CS UNION AND ENTERS INTO A STRATEGIC PARTNERSHIP WITH BANCA SISTEMA IN ITALY
Oslo, 22 June 2016 - Axactor AB (publ.) ("Axactor") acquires CS Union in Italy. CS Union is a leading independent debt purchase/debt collection company with EUR1bn under management. Banca Sistema will continue as a 10% shareholder of the new entity and will provide attractive financing as part of the strategic partnership. Located in Piemonte, CS Union has operated in the Italian market for more than 20 years and has approximately 105 employees and an external network of more than 100 field collectors. Over the last four years, the company has acquired 21 NPL portfolios with a total face