Axactor acquires another large unsecured NPL Portfolio in Spain
Madrid, 6th June 2019 Axactor has closed its largest one-off transaction in 2019, with Banco Santander. The purchase is an unsecured portfolio with an outstanding balance of approximately 600mEUR across more than 145.000 claims. The portfolio comes with a significant number of paying cases, increasing the existing revenue with immediate effect. “This acquisition follows the communicated strategy of opportunistically purchasing unsecured portfolios around the group, when they complement the existing assets and generate an immediate financial impact." say Endre Rangnes, CEO, Axactor