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DDM announces its first portfolio acquisition in Poland
DDM Holding AG (First North: DDM), a multinational investor and manager of distressed assets, announces that it has signed and closed its first acquisition of a portfolio of distressed assets from a bank in Poland.
“DDM continues its planned geographical expansion and we are pleased to announce our first Polish acquisition”, commented Gustav Hultgren, CEO of DDM. “It is significant also from a financial perspective as the investment is exceeding 5 percent of the Group’s reported book value end of June 2014”.
“The seller is one of the largest banks in Poland and we appreciate their trust in DDM to bring a high level of service. This acquisition will be an important stepping stone to DDM as we are entering the second largest economy in Eastern Europe”.