Swedish debt purchaser, DDM Debt AB has announced that it has entered into an agreement to acquire a portfolio of distressed assets from a leading bank in the Czech Republic. The total investment amounts to approximately €12 million.

Andreas Tuczka, CEO of DDM, said “This investment is in line with our strategy to continue to grow the DDM group. We are pleased to acquire a further portfolio in the Czech Republic, a market in which DDM has significant experience and knowledge which has been built over a number of years.”

This is information which DDM Debt AB 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 18:00 CET on 14 September 2017.