Axactor acquires another primary portfolio in Spain

Oslo, 28 June, 2017 - Axactor has closed another primary transaction 
in Spain, this transaction is from BMN. The portfolio has an 
outstanding balance in excess of EUR 165 million across more than 
7.500 cases. The portfolio is a mix of SME cases with a private 
Guarantor and cases of unsecured individuals. 

"This transaction confirms a fantastic end to Axactor's second 
quarter, not only in Spain but across the Group. Although working in 
a highly competitive marketplace, the team have been able to 
prioritize the key transactions generating the best returns for 
Axactor and close them. We are all looking forward to continuing 
this momentum into the rest of the year." says Endre Rangnes, CEO 
Axactor.

"We are really pleased to close this portfolio before the summer, it 
represents a key acquisition, which will ensure we carry the 
momentum from the first half of 2017 into the rest of the year. In 
addition, the SME portfolio has a secured element, which will help 
us to continue developing the services we can provide to the NPL 
market and our customers." Says Andres Lopez and David Martin, 
General Managers, Axactor Spain. 

The transaction will be financed from existing cash and credit 
facilities.

For additional information, please contact:

Endre Rangnes, CEO Axactor
Mobile phone: +47 4822 1111
Email: endre.rangnes@axactor.com

or

Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +47 4771 0451
Email: geir.johansen@axactor.com
www.axactor.com

About Axactor
Axactor Group specializes in both Debt Collection and Debt 
Purchasing across several countries, with operations in Italy, 
Germany, Norway, Sweden and Spain. The company has a Nordic base 
and an ambitious Pan-European growth strategy, which targets the 
market for non-performing loans (NPL) in Europe. This market is 
estimated to be about 1,500 billion euros across Europe providing 
significant opportunities for Axactor's future expansion. Axactor 
has approximately 875 employees.