Axactor acquires a portfolio of REOs from Cajamar

Axactor has acquired a REO portfolio with the appraisal value of more than 26 mEUR from the financial institution Cajamar. The portfolio consists of approximately 650 assets and is the second portfolio acquisition in Spain this year.

Axactor continues to develop the investments in the real estate market in Spain through the fifth acquisition in this sector, and with this strengthening the position as a solid and active investor in the Spanish market.

With this acquisition from Cajamar, Axactor continues to diversify the company´s product portfolio by growing in the secured and unsecured NPL segments, as well as REOs and the third-party collection business in Spain.

The acquisition will be financed through Axactor's exciting funding facilities.

Axactor Spain country managers said: "2018 will be the year in which Axactor will emerge as one of the most important players in Spanish debt market".

For additional information, please contact:

Mobile phone: +47 913 35 461

Email: johnny.tsolis@axactor.com