Brief: Axactor Expands Relationship With FI Client In Norway

Axactor ASA

27/01/2020 09:10

Jan 27 (Reuters) - Axactor SE  AXAC.OL :
    * AXACTOR EXPANDS RELATIONSHIP WITH FI CLIENT IN NORWAY
    * HAS RENEWED AND EXPANDED AN EXISTING FF, ACQUIRING FRESH
NPL
CONSUMER FINANCE CLAIMS, WITH AN OUTSTANDING BALANCE OF LESS
THAN EUR25K
    * CONTRACT INCLUDES A HYBRID ELEMENT WITH PART OF FF BEING
MANAGED
IN 3PC FOR A PERIOD PRIOR TO ACQUISITION
    * NEW CONTRACT PERIOD IS FOR 12 MONTHS, STARTING IN FEBRUARY
2020,
WITH AN EXPECTED ANNUAL CAPEX OF AROUND 10MEUR
    * THIS INVESTMENT WILL BE FINANCED BY AXACTOR'S AVAILABLE
CASH AND
OUR EXISTING CREDIT FACILITIES.

Source text for Eikon:  ID:nObiqLslHa 
Further company coverage:  AXAC.OL 

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