DDM Holding AG evaluates a possible equity raising and listing on Nasdaq OMX First North
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The Board of Directors of DDM Holding AG has decided to evaluate a possible equity raising and subsequent listing on Nasdaq OMX First North.
Gustav Hultgren, CEO of DDM Holding AG said: “DDM is a multinational investor and manager of distressed assets. Since inception, DDM’s core knowledge, valuation of non-performing assets and how to recover any remaining substance, is proven successful. DDM is now a well-established group of companies with excellent relationships with large financial institutions looking to divest their portfolios, as well as a network of well-reputed European debt collection agencies.
The listing on First North is a natural step in developing DDM into one of Europe’s leading companies in our sector. We are seeing continued good business opportunities in our current markets, as well as new markets in Europe. A listing would create a solid long-term platform for growth, increase the awareness of our brand and business. It would also strengthen our relationships with strategic partners.”
Subject to necessary decision being taken, receipt of approval from Nasdaq OMX First North and favourable market conditions, the listing is expected to take place during 2014.
Pareto Securities has been appointed financial advisor for the company in this process.
CEO of DDM Treasury Sweden AB (publ)
For more information on DDM Group AG, please visit www.ddm-group.ch
DDM Holding AG and its subsidiaries are a leading multinational investor and manager of distressed assets. Since 2007, the DDM Group 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) (NGM: DDM1) is a subsidiary wholly owned by DDM Holding AG.