NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in DDM Holding AG (shortname: DDM) shares commenced today on First North at NASDAQ OMX Stockholm. DDM Holding belongs to the Financials sector and is the 28th company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
DDM Holding AG is a multinational investor in portfolios of distressed assets. DDM’s customer base consists primarily of international banks with lending operations in Eastern Europe.The majority of the portfolios that DDM has invested in derive from Russia and Romania.
The company was formed in 2007 by individuals who had previously built a similar business with leading companies in the industry of non-performing loans. While headquartered in Baar, Switzerland, DDM has strong ties to Sweden, with Swedish members of the Board, as well as management. For more information, visit www.ddm-group.ch.
”To be listed at Nasdaq OMX First North is an important step in the development of DDM,” said Gustav Hultgren, CEO at DDM Holding AG. “We are actively seeking new market opportunities in Eastern Europe, where we have a strong position. With a strengthened long-term capital structure we will be able to continue investing with the purpose to generate shareholder value. A listing will also add credibility in our discussions with new customers, as well as national regulators and authorities.”
“We welcome DDM Holding to NASDAQ OMX First North,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “The company will be strong contribution to our Financials sector.”
DDM Holding AG has appointed Pareto Securities AB as Certified Adviser.