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Slide #15. Portfolio Recovery Associates, Inc. — Aktiv Kapital
Portfolio Recovery Associates, Inc. (NASDAQ:PRAA)
Portfolio Recovery Associates, Inc. (Nasdaq:PRAA), a financial and business services company operating in the U.S. and U.K., has agreed to acquire Aktiv Kapital AS, a Norway-based company specializing in the acquisition and servicing of non-performing consumer loans throughout Europe and in Canada.
PRA Group is a financial and business services company with operations in the Americas, Europe, and Australia. Co.'s main business is the purchase, collection and management of portfolios of nonperforming loans. Co. purchases portfolios of nonperforming loans in two categories: Core, which focuses on purchasing and collecting nonperforming loans, which it purchased since either the credit originators and/or other third-party collection agencies have been unsuccessful in collecting the balance owed; and Insolvency, which consists of purchasing and collecting on nonperforming loan accounts where the customer is involved in a bankruptcy proceeding or the equivalent in some European countries.
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Buy (3.20 out of 4)