STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
DDM Treasury Sweden AB announces that it has signed and closed an acquisition of distressed assets in Slovenia.
Gustav Hultgren, CEO of DDM Treasury Sweden said: “This acquisition is a further step to realise our plans to acquire distressed assets in European countries in addition to Russia and Romania. The seller is one of Slovenia’s top ten banks and the acquisition is expected to contribute positively to DDM’s earnings already in the current quarter.”
Reference is made to the announcement dated 18 February 2014, where DDM announced its intention to extend the geographical scope to include additional jurisdictions within the European Union.
DDM Treasury Sweden AB (publ) (NGM: DDM1) is a subsidiary wholly owned by DDM Holding AG. DDM Holding AG is a leading multinational investor and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Eastern Europe, with over 2 million receivables in nominal value over EUR 1.4 billion.
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