DDM Debt closes phase 1 of acquisition in Croatia
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that the group has closed phase 1 of an acquisition from HETA Asset Resolution of a distressed asset portfolio containing secured corporate receivables in Croatia. The acquisition is made through a Joint Venture structure together with B2Holding where each party holds 50%. The Gross Collection Value (face value) of the total portfolio amounts to approximately EUR 800 million. The acquisition is expected to fully close during Q2 and will be financed by cash on hand and internally generated cash flows. Henrik Wennerholm, CEO of DDM,