9th Nov 2015 09:12
LONDON (Alliance News) - Arrow Global PLC on Monday said it has struck a deal to acquire a loan portfolio in the Netherlands with a face value of EUR173.0 million.
Arrow, which buys and manages debt portfolios in Europe, said the portfolio mainly comprises unsecured paying and non-paying loans and will boost its presence in the Dutch market.
"We are delighted to announce this purchase which we have been monitoring for some time. It extends our footprint in the Netherlands and reinforces the strength of our brand in European markets, something which is key to our continued growth," said Chief Executive Tom Drury.
Shares in Arrow Global were up 2.3% to 263.75 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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