ATN Capital e Participacoes Ltd., a Brazilian collection agency, announced Thursday that it has purchased a portfolio of consumer debt charged-off from Banco do Brasil SA. The portfolio has a face value of around $305 million, according to the company. A purchase price was not disclosed.
ATN is the Brazilian subsidiary of Lexicon United Inc. (OTCBB: LXUN), based in Austin, Texas. Lexicon is a financial services holding company that specializes in debt collection and recovery for financial institutions. The debt portfolio purchase announced Thursday is the first for Lexicon or ATN, according to a press release.
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