DDM successfully restructures Greek transaction

DDM Holding AG (First North Growth Market: DDM), a specialized multinational investor and manager of non-performing loans and special situations, announces that it has successfully restructured the Greek transaction it first entered into in August 2017. The restructuring has resulted in accelerated collections in excess of EUR 55 million and more than EUR 10 million positive impact to the net result of the third quarter.

Henrik Wennerholm, CEO of DDM, commented: “I am delighted that we have successfully restructured our investment in Greece, which is particularly impressive given the current challenging market conditions. The transaction was the first larger NPL transaction in Greece and was a landmark transaction for us. We have since then bought-out the co-investor in 2019. This not only proves the underlying credit quality of our portfolios, but also demonstrates our underwriting, portfolio management and transaction expertise in complex situations.”

The proceeds from the settlement will be used to repay debt within the DDM group and to fund further acquisitions.

 

This information is information which DDM Holding AG is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out below, at 11:00 CEST on 16 September 2020.

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 Holding AG (Nasdaq First North Growth Market, Stockholm: DDM) is a specialized 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, having acquired 2.3 million receivables with a nominal value of over EUR 4 billion.  DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. Arctic Securities is DDM Holding AG’s Certified Adviser, e-mail: certifiedadviser@arctic.com, tel: +46 8 44686100.

Tags:

About Us

DDM Holding AG (First North Growth Market: DDM) is a specialized multinational investor and manager of non-performing loans and special situations, offering the prospect of attractive returns from the expanding Southern, Central and Eastern Europe market. 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. For sellers (banks and financial institutions), management of portfolios of distressed assets is a sensitive issue as it concerns the relationship with their customers. For these sellers, it is therefore critical that the acquirer handles the underlying individual debtors professionally, ethically and with respect. DDM has longstanding relations with sellers of distressed assets, based on trust and the Company’s status as a credible acquirer. The banking sector in Southern, Central and Eastern Europe is subject to increasingly stricter capital ratio requirements resulting in distressed assets being more expensive for banks to keep on their balance sheets. As a result, banks are increasingly looking to divest portfolios of distressed and other non-core assets. DDM Holding AG, the Parent Company, is a company incorporated and domiciled in Zug, Switzerland and listed on Nasdaq First North Growth Market in Stockholm, Sweden, since August 2014.

Subscribe

Documents & Links