NPL&REO News

Axactor buys Project Bramall-Lane from Santander

Axactor has acquired the Project Bramall Lane from Santander, a nonperforming loans (NPL) portfolio valued in 459 million euros made up of 38.516 unsecured loans.

Following a competitive process in which several companies in the sector have submitted their bids for the portfolio, Axactor is now the new owner of Santander’s Project Bramall-Lane, completing its second acquisition so far this year.

Andrés López, Country Manager Axactor Spain commented: “For us this operation is a great success, both for the quality of the portfolio and for the work done, endorsing our internal processes in future projects. Axactor Spain will continue to monitor market movements in search of new opportunities, and try to close similar operations before the end of the year”

Original Story: Axactor
Photo: Santander Facebook
Translation & Edition: Prime Yield

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