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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.
For more information, please contact:
Andreas Tuczka, Chairman
Tel: +41 417 66 14 20
DDM Debt AB (publ) (Nasdaq Stockholm: DDM Debt 2026) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (Nasdaq First North Growth Market, Stockholm: DDM) is a specialized multinational investor in situations arising out of the general strategic challenges in the European banking markets. This includes investments into assets and companies previously held by financial institutions, including performing and non-performing loans and special situations. DDM strives to create value for its stakeholders by combining significant expertise in financial services, credit underwriting and technology with a focus on operational excellence. DDM Holding AG is domiciled in Switzerland and was founded in 2007.