Sabadell sells NPL portfolio to Axactor fund

Sabadell sells NPL portfolio to Axactor fund

 

As stated by EjePrime, the closing of this operation, which may be around €35 million, is waiting for the green light of the Deposit Guarantee Fund, since the portfolio includes properties of the former Caja de Ahorros del Mediterráneo.

David Martín and Andrés López, regional directors of the fund in Spain, said that "this portfolio is important for Axactor, as it further increases our asset portfolio and focuses on a type of product, whose demand we still have limited experience."

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