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DDM Debt AB
DDM Holding AG
DDM Debt finalises acquisition of NPL portfolio in Romania
DDM Debt AB (Nasdaq Stockholm: DDM Debt 2026) ("DDM Debt") announces that it has closed the previously announced acquisition of a NPL portfolio containing unsecured consumer receivables located in Romania following receipt of clearances from the Romanian authorities. Servicing of the portfolio will be performed by AxFina, part of the DDM Debt group. The gross collection value (face value) of the portfolio amounts to over EUR 1 billion with the acquisition financed by cash on hand. The net purchase price is expected to be about EUR 10m, financed by cash on hand and a portion of deferred consideration. ERC is expected to increase by about EUR 20m.
This information was submitted for publication, through the agency of the contact person set out below, on 5 December 2023 at 14:30 CET.
For more information, please contact:
Razvan Munteanu, Chief Executive Officer
Tel: +41 41 766 1420
Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17
DDM Debt AB (publ) (Nasdaq Stockholm: DDM Debt 2026) is part of the DDM Group, 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.