Axactor SE (GB:0QIG) has released an update.
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Axactor ASA has announced the sale of its non-performing loan (NPL) portfolios in Spain for EUR 83 million, a move aimed at reducing debt and enhancing financial stability. Despite a negative revaluation of remaining portfolios, the sale supports the company’s compliance with financial covenants and strengthens its balance sheet. The transaction highlights Axactor’s strategic efforts to navigate challenging market conditions.
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