September 30, 2016 / 5:36 AM / 10 months ago

BRIEF-Axactor buys ALTOR Group, enters German market

1 Min Read

Sept 30 (Reuters) - Axactor AB :

* Acquires ALTOR Group and enters German market

* Will pay enterprise value of 34.1 million euros ($38.25 million) for 100 pct of shares in ALTOR Group which will be settled in cash

* Transaction will be fully financed through existing credit facility Axactor has with DNB/Nordea as well as use of available cash

* Closing of transaction is expected by end of September

* ALTOR is independent debt purchase/debt collection company in Germany with 2 billion euros under management Source text for Eikon: Further company coverage: ($1 = 0.8915 euros) (Gdynia Newsroom)

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