DDM Debt provides update on strategic investment

DDM Debt AB (Nasdaq Stockholm: DDM2) announces that it has exercised the call option to acquire an additional 10.1% stake in Addiko Bank AG, an Austrian bank with operations in DDM’s core markets in the Balkans, from AI Lake (Luxembourg) S.à r.l. The commercial terms of the call option have been adjusted since the initial investment. The transaction is subject to regulatory approval.  

At 31 December 2019 the bank had EUR 6.1 billion of total assets, including a net loan book of EUR 3.9 billion mostly towards consumers and SME customers, with an NPE ratio of 3.9%. DDM is a highly experienced investor in Addiko’s core markets and is looking to support Addiko in its transformation process.