DDM Holding AG's acquisition of Hungarian leasing company finalized
DDM Holding AG (First North: DDM), a multinational investor in and manager of distressed assets, has finalized the acquisition of Lombard Pénzügyi és Lízing Rt. (“Lombard”), a large Hungarian leasing company.
DDM has received the final approval from the Hungarian National Bank and has as a consequence finalized the acquisition of Lombard, as set out in the press release dated 22 December 2015. The acquired business has its head office in Szeged, Hungary.
Additional information will be included in the interim report, expected to be published on 12 May 2016, at 8:00 a.m. CET.
This information is of the type which DDM Holding AG must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was made public on 29 April 2016, at 1:30 p.m. CET.
For more information, please visit DDM’s website at www.ddm-group.ch or contact:
Anders Antonsson, Investor Relations
Mail: firstname.lastname@example.org | Tel: 46 8 4080 9030
DDM Holding AG (Nasdaq First North Stockholm: DDM) is a key acquirer and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Eastern Europe, currently managing 2.3 million receivables with a nominal value of over EUR 2 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.