Axactor has entered into binding agreements to sell smaller-sized portfolios in
Germany and Spain, specifically from the oldest remaining vintages. The total
proceeds from these transactions are approximately EUR 15 million, with the
portfolios being sold at a premium of more than 20% over book value.
"These steps are taken to ensure a healthy balance sheet and align with our
strategy to renew the book," says CEO Johnny Tsolis.
For further information, please contact:
Johnny Tsolis, CEO, Axactor Tel: +47 913 35 461 E-mail:
johnny.tsolis@axactor.com
Kyrre Svae, Deputy CEO and Chief Strategy Officer, Axactor Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com
To learn more about Axactor, visit www.axactor.com