DDM Debt signs agreement for acquisition in Switzerland
DDM Debt AB (publ) (Nasdaq Stockholm: DDM Debt 2026) ("DDM Debt") announces that it has entered into an agreement to acquire 100% of the share capital of Swiss Bankers Prepaid Services AG (“Swiss Bankers”). Swiss Bankers is the Swiss market leader in prepaid cards and provides innovative, credit-based payment products and offers solutions in cashless, globally secure payment transactions. As of 31 December 2020, Swiss Bankers, which holds a banking licence, had total assets of approximately CHF 450m.
This transaction follows DDM’s strategy to act as an investor and partner for financial institutions in Europe and to acquire assets and companies previously held by banks. DDM will support Swiss Bankers in its strategic direction and the associated implementation of its digitization and international expansion strategy.
The closing of the transaction is subject to the granting of all necessary regulatory approvals.
This information is of the type that 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 17:45 CET on 17 December 2021.
For more information, please contact:
Florian Nowotny, Chief Executive Officer
Tel: +43 664 100 1243
Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17
DDM Debt AB (publ) (Nasdaq Stockholm: DDM Debt 2026) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (Nasdaq First North Growth Market, Stockholm: DDM) is a specialized multinational investor in situations arising out of the general strategic challenges in the European banking markets. This includes investments into assets and companies previously held by financial institutions, including performing and non-performing loans and special situations. DDM strives to create value for its stakeholders by combining significant expertise in financial services, credit underwriting and technology with a focus on operational excellence. DDM Holding AG is domiciled in Switzerland and was founded in 2007.