DDM Debt brings in new partner in Greek investment
DDM Debt AB (Nasdaq Stockholm: DDM2) brings in a new partner and co-investor into its Greek Non-Performing Loans (NPL) portfolio which was acquired by DDM in August 2017. This allows DDM to partner up with a strong global investment manager and puts DDM in a very good position to continue to expand on the large Greek NPL market. The transaction is expected to close shortly. The transaction will result in that DDM’s investment decreases by EUR 15 million to EUR 35 million and will re-balance DDM’s portfolio bringing the Greek share of the total NPL portfolio to about 32% of the book value.