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