Aktiv Stays Active, Buys Two Spanish Portfolios
Oslo, Norway-based Aktiv Kapital ASA announced it bought two portfolios from two financial institutions in Spain with a total face value of $133.2 million and about 75,000 non-performing customer accounts.
Aktiv reported that it had spent this year $191.4 million on portfolios and remains in the hunt for more purchases before the end of the year.
Recently, Aktiv announced it had purchased about 800,000 non-performing telecom accounts from Spain’s Telefonica Group ("Two European ARM Giants Announce Big Portfolio Buys," Dec. 18).
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Aktiv reported revenues for the nine months ended Sept. 30 of $214.6 million and profits before taxes of $74.3 million.
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