DDM completes Greek milestone transaction, doubling its Estimated Remaining Collections

DDM Holding AG (First North: DDM) announces that it has completed a milestone transaction in Greece. The total investment amounts to approximately EUR 50 million with Gross Estimated Remaining Collections (”ERC”) from the transaction exceeding EUR 100 million. The transaction will thereby more than double DDM’s EUR 86.7 million ERC as reported at the end of the second quarter 2017. 

The large underlying portfolio consists of secured and unsecured retail and corporate receivables and has a nominal value of about EUR 1.3 billion. 

This is one of the first and largest transactions in the Greek non-performing loan (“NPL”) market, and allows DDM to establish a first mover advantage in the country with the highest non-performing loan ratio in Europe. The Greek NPL volume is estimated to be greater than EUR 130 billion, and is expected to offer significant opportunities in the coming years. The transaction also includes one of the very few servicing licenses in Greece, offering great potential for future transactions.

Gustav Hultgren, CEO of DDM, commented: “I am very happy to have completed our first transaction in Greece, establishing a first mover advantage in the country with the highest non-performing loan ratio in Europe. The acquisition not only contributes significantly to DDM’s growth but also offers strong potential for further transactions in Greece.”

The transaction, in combination with a continued strong pipeline of portfolios currently amounting to about EUR 900 million, has resulted in DDM increasing its investment target for 2017 by 140% to EUR 120 million.

This is information which DDM Holding AG 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 a.m. CET on 8 August 2017.

For more information, please visit DDM’s website at www.ddm-group.ch or contact:

Mats Hedberg, Investor Relations Manager
Mail: investor@ddm-group.ch | Tel: +46 70 730 81 27

DDM Holding AG (Nasdaq First North, Stockholm: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Central and Eastern Europe, currently managing 2.3 million receivables with a nominal value of over EUR 3.4 billion. DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. Erik Penser Bank is DDM Holding AG’s Certified Adviser.


About Us

DDM Holding AG (First North: DDM) is a multinational investor in and manager of distressed assets, offering the prospect of attractive returns from the expanding Southern, Central and Eastern Europe market. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, and has acquired 2.3 million receivables with a nominal value of over EUR 3.5 billion. For sellers (banks and financial institutions), management of portfolios of distressed assets is a sensitive issue as it concerns the relationship with their customers. For these sellers, it is therefore critical that the acquirer handles the underlying individual debtors professionally, ethically and with respect. DDM has longstanding relations with sellers of distressed assets, based on trust and the Company’s status as a credible acquirer. The banking sector in Southern, Central and Eastern Europe is subject to increasingly stricter capital ratio requirements resulting in distressed assets being more expensive for banks to keep on their balance sheets. As a result, banks are increasingly looking to divest portfolios of distressed and other non-core assets. DDM Holding AG, the Parent Company, is a company incorporated and domiciled in Baar, Switzerland and listed on Nasdaq First North in Stockholm, Sweden, since August 2014.