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Axactor to purchase unsecured NPL book

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Axactor to purchase unsecured NPL book

Axactor AB (publ) will buy a portfolio of unsecured nonperforming loans in Sweden, made up of unsecured credit with about €6 million in total outstanding balance, across about 10,000 open accounts of consumer loans and microloans.

The company said the deal will be funded through its available cash and existing credit facilities. It did not specify the seller.