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DDM Holding AG
DDM Debt AB
Nordiska terminating the planned acquisition of Swiss Bankers and the combination with Omnio
DDM Holding AG (First North Growth Market: DDM) and DDM Debt AB (publ) (Nasdaq Stockholm: DDM Debt 2026) ("DDM Debt") have been informed by Nordiska Kreditmarknadsaktiebolaget (publ) ("Nordiska") that Nordiska is aborting the process regarding a combination of Nordiska with Swiss Bankers and Omnio. As a result also the intended acquisition of a minority stake in Nordiska by DDM is on hold.
DDM has been working on these transactions jointly with Nordiska for the last eight months and is surprised and disappointed about Nordiska’s unilateral decision to abandon the transactions.
After having obtained legal advice, the board of DDM considers this and related actions by Nordiska as a violation of Nordiska’s obligations under the agreements between the parties. DDM therefore reserves all contractual, legal, and other rights, including its right to claim damages that may result from Nordiska’s actions.
The information in this report requires DDM Debt AB (publ) to publish the information in accordance with the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication on 11 April 2023 at 08:00 CEST.