DDM announces its first portfolio acquisition in Poland
DDM Holding AG (First North: DDM), a multinational investor and manager of distressed assets, announces that it has signed and closed its first acquisition of a portfolio of distressed assets from a bank in Poland.
“DDM continues its planned geographical expansion and we are pleased to announce our first Polish acquisition”, commented Gustav Hultgren, CEO of DDM. “It is significant also from a financial perspective as the investment is exceeding 5 percent of the Group’s reported book value end of June 2014”.
“The seller is one of the largest banks in Poland and we appreciate their trust in DDM to bring a high level of service. This acquisition will be an important stepping stone to DDM as we are entering the second largest economy in Eastern Europe”.
For more information, please visit DDM’s website at www.ddm-group.ch or contact:
Anders Antonsson, Investor Relations
Mail: a.antonsson@ddm-group.ch | Tel: 46 8 4080 9030
DDM Holding AG (Nasdaq OMX First North: DDM) is a multinational investor and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Eastern Europe, with over 2 million receivables in nominal value over EUR 1.4 billion. DDM Treasury Sweden AB (publ) (NGM: DDM1) is a subsidiary wholly owned by DDM Holding AG. Pareto Securities is DDM Holding AG’s Certified Adviser.
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