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13 Oct 2020

DDM Debt provides further update on its strategic investment

DDM Debt AB (Nasdaq Stockholm: DDM2) announces that the call option exercised on 30 March 2020 to acquire an additional 10.1% stake in Addiko Bank AG (Addiko), an Austrian bank with operations in DDM’s core markets in the Balkans, from AI Lake (Luxembourg) S.à r.l. has lapsed.

DDM continues to be committed to its investment in Addiko and confirms its intention to increase its shareholding.

At 31 December 2019 the bank had EUR 6.1 billion of total assets, including a net loan book of EUR 3.9 billion mostly towards consumers and SME customers, with an NPE ratio of 3.9%. DDM is a highly experienced investor in Addiko’s core markets and is looking to support Addiko in its transformation process.