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.
Kent Hansson, Chairman of DDM Holding AG stated: ”We welcome this transaction which underpins our strategic focus on Greece and will allow us and our partners to further expand and diversify our portfolio of distressed assets in the Greek market.”
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 08:00 CET on 6 November 2017.
For more information, please contact:
Mats Hedberg, Investor Relations Manager
Mail: firstname.lastname@example.org | 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 (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 3.5 billion.