DDM Debt continues its expansion and enters Serbia
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that it has entered into an agreement to acquire a distressed asset portfolio containing secured and unsecured SME receivables in Serbia from a leading bank in the region. The gross collection value of the portfolio amounts to approximately EUR 15 million.
The acquisition is financed by cash on hand.
Andreas Tuczka, CEO of DDM, commented “This investment is in line with our strategy to continue to grow and diversify our portfolio of investments, and to expand our presence in Southern, Central and Eastern Europe. Following significant due diligence work, we are entering a new market which has strong potential for future growth, and where we have established relationships with experienced collection partners.”
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 28 November 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.