Axactor acquires an unsecured NPL Portfolio in Spain

Madrid, 23rd October 2018

Axactor has managed to close, with a large Spanish financial group, the purchase of an unsecured portfolio with an outstanding balance of approximately EUR 180m and close to three thousand cases. Including this portfolio, Axactor Spain will manage a purchased debt portfolio of more than EUR 5 billion in face value.

Axactor continues to grow in the Spanish NPL sector, making investments in all NPL segments, both secured, unsecured and REOs. This allows Axactor to guarantee the management of assets throughout the value chain by combining the purchase of portfolios with the service to third parties.

"The Axactor team in Spain is proud to announce another attractive transaction, clearly demonstrating the determination of the team to develop the business across all NPL segments." say David Martín and Andrés López, General Directors of Axactor Spain.

For additional information, please contact:

Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Email: johnny.tsolis@axactor.com