DDM Debt finalizes its second Croatian acquisition
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that it has finalized the previously announced acquisition of a distressed asset portfolio containing secured corporate receivables in Croatia from a leading international bank.
DDM has received the approval from the Croatian National Bank, and has now finalized the acquisition, as set out in the press release dated 30 June 2017. The investment amounts to approximately EUR 21 million.
The acquisition is financed by a combination of cash on hand and the recently announced revolving credit facility.
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 12 October 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.