DDM Debt acquires a portfolio in the Czech Republic
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that it has entered into an agreement to acquire a portfolio of distressed assets from a leading bank in the Czech Republic. The total investment amounts to approximately EUR 12 million. The portfolio has been purchased from a seller we have previously acquired portfolios from, confirming DDM’s reputation as a preferred buyer.
The acquisition will be fully financed by cash on hand within DDM Debt.
Andreas Tuczka, CEO of DDM, commented: “This investment is in line with our strategy to continue to grow the DDM group. We are pleased to acquire a further portfolio in the Czech Republic, a market in which DDM has significant experience and knowledge which has been built over a number of years.”
This is information which DDM Debt AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 18:00 CET on 14 September 2017.
For more information, please contact:
Mats Hedberg, Investor Relations Manager
Mail: email@example.com | Tel: +46 70 730 81 27
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (Nasdaq First North: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, currently managing 2.3 million receivables with a nominal value of over EUR 3.4 billion.