Brief: Axactor Italy Acquires Paying Portfolio

Axactor ASA

14/10/2019 06:37

Oct 14 (Reuters) - Axactor SE  AXAC.OL :
    * AXACTOR ITALY ACQUIRES PAYING PORTFOLIO FROM LARGE ITALIAN
FINANCIAL
    * PORTFOLIO CONTAINS 7.000 CLAIMS WITH AN OUTSTANDING
BALANCE OF
60 MEUR, WHERE ALL CLAIMS ARE IN AN ACTIVE PAYMENT ARRANGEMENT
    * AXACTOR ITALY, AN AXACTOR GROUP COMPANY, HAS BEEN
SUCCESSFUL IN
ACQUIRING A LARGE PORTFOLIO OF PAYMENT PLANS SECURED AGAINST
PROMISSORY NOTES
    * PORTFOLIO ACQUISITION IS EXPECTED TO CLOSE IN DECEMBER
2019.
    * AXACTOR PLANS TO FINANCE THIS ACQUISITION USING AVAILABLE
CASH
AND EXISTING CREDIT FACILITIES.

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

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