News and Press releases
IR contact: For more information, please contact Razvan Munteanu, Chief Executive Officer:
Telephone: +41 41 766 1420
Pres releases subscriptions:
By subscribing below via the Cision website to receive press releases from DDM, you are confirming that you accept that Cision will store your personal data.
DDM Holding AG
DDM Debt AB
DDM Debt acquires additional 25% in AxFina
DDM Debt AB acquires an additional 25% in debt servicing and business outsourcing company AxFina
DDM Debt AB (an indirect 100% subsidiary of DDM Holding AG (First North Growth Market: DDM) announces that it is acquiring an additional 25% of the share capital of AxFina Holding SA (“AxFina”), taking its total holding in AxFina to 75%.
AxFina is a pan European debt servicing provider and a key partner for DDM’s loan portfolios. In addition to its core debt servicing solutions, AxFina is also providing business outsourcing services and digital debt management solutions (“Finastic”) to multiple industries. AxFina is active in 7 countries and has c. 180 employees.
The seller of the stake in AxFina is DDM Group Finance S.A. The transaction value for the 25% stake is EUR 7mn.
This information is of the type that DDM Debt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 18:30 CET on 6 April 2023.
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.