DDM exits Russia and realises a significant gain

DDM Debt AB (Nasdaq Stockholm: DDM2) announces that the group has sold its legacy portfolios in Russia. The transaction results in a realised gain of approximately EUR 2 million.

Henrik Wennerholm, CEO of DDM, comments: “This transaction demonstrates the underlying value of our portfolios and ERC, and will enable us to focus further on our key markets.”

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 08:30 CET on 29 March 2019.

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

Mail: investor@ddm-group.ch 

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 3.5 billion.