Company activity update
DDM Treasury Sweden AB (publ)
14 January 2014
DDM Treasury Sweden AB (“DDM Treasury”) is a specialist investor in distressed consumer debt in Eastern Europe. The company is primarily focusing on acquiring and managing distressed debts in Russia and Romania.
On 29 November 2013, DDM Treasury reported that the investment level in the third quarter of 2013 was significantly ahead of plan. This successful development with a strong deal flow has continued during the end of 2013.
Given the significantly higher than projected investment-rate in the third quarter, DDM Treasury invested even more selectively during the fourth quarter of 2013. DDM Treasury is currently evaluating a few significant one-off investment opportunities in markets outside Russia and Romania and might approach investors for approval to enter such markets in accordance to terms and conditions.
Albeit, these markets are familiar to the management of DDM Treasury, the company will conduct such investments in cooperation with major international investment banks and partners. This to supplement the amount of historical payment-data held by DDM Treasury and to provide comfort that the performance of such an investment would be according to its risk and return requirements.
DDM Treasury continues to see a strong stream of investment opportunities coming into 2014 and anticipate investing into several large debt portfolios that are in the pipeline in the following quarters. During 2014 DDM Treasury aims to increase its presence as a public company in the Swedish and international markets and look forward to work closely with investors in its planned undertakings.
DDM Treasury will report both full-year and interim results for the fourth quarter 2013 according to Terms and Conditions and as required by the regulators, no later than 28 February 2014.
This information is of the type which DDM Treasury Sweden AB (publ) must disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was made public on 15 January 2014 at 8:30 am CET.
For more information, please contact:
Gustav Hultgren, CEO of DDM Treasury Sweden AB
Mail: g.hultgren@ddm-group.ch | Tel: +46 (0)8 4080 9030
DDM Group AG, founded by former executives at Intrum Justitia, is a leading investor in non-performing consumer debt. Since 2007, the company has built a successful platform in Eastern Europe, with over 1.9 million receivables in nominal value over EUR 1.2 billion. DDM Treasury Sweden AB (publ) is wholly owned by DDM Group AG and does not have any staff apart from the Board of Directors.
© 2014 DDM Group AG
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