DDM signs agreement for acquisition of NPL portfolio in Romania
DDM Holding AG (First North Growth Market: DDM) announces that it has signed an agreement for the acquisition of a NPL portfolio containing unsecured consumer receivables located in Romania. The servicing of the portfolio will be performed by AxFina, part of the DDM group. The gross collection value (face value) of the portfolio amounts to over EUR 1 billion with the acquisition financed by cash on hand. The closing of the transaction is expected in late Q3 2023 following clearance by the competition authority. DDM also announces that it has sold its 5% stake in Borgosesia S.p.A, which