DDM Debt buys out co-investor in Greece
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that the group has bought out the co-investor in its Greek non-performing loan portfolio which was acquired by DDM in August 2017. The total investment amounts to approximately EUR 20 million.
The acquisition is financed by cash on hand.
For more information, please visit DDM’s website at www.ddm-group.ch or contact:
Henrik Wennerholm, Chief Executive Officer
Tel: +41 79 539 88 59
Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17
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, and has acquired 2.3 million receivables with a nominal value of over EUR 4 billion.