DDM Debt provides further update on its strategic investment
DDM Debt AB (Nasdaq Stockholm: DDM2) announces that the call option exercised on 30 March 2020 to acquire an additional 10.1% stake in Addiko Bank AG (Addiko), an Austrian bank with operations in DDM’s core markets in the Balkans, from AI Lake (Luxembourg) S.à r.l. has lapsed.
DDM continues to be committed to its investment in Addiko and confirms its intention to increase its shareholding.
At 31 December 2019 the bank had EUR 6.1 billion of total assets, including a net loan book of EUR 3.9 billion mostly towards consumers and SME customers, with an NPE ratio of 3.9%. DDM is a highly experienced investor in Addiko’s core markets and is looking to support Addiko in its transformation process.
For more information, please 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 Growth Market: DDM) is a multinational investor and manager of non-performing loans and special situations. 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.