Brief: DDM Holding Acquires Distressed Asset Portfolio In Croatia

B2 Impact ASA

16/01/2019 07:03

Jan 16 (Reuters) - DDM Holding AG  DDM.ST :
    * DDM ACQUIRES A DISTRESSED ASSET PORTFOLIO IN CROATIA
    * ACQUISITION WILL BE FINANCED BY CASH ON HAND AND INTERNALLY GENERATED CASH FLOWS
    * GROSS COLLECTION VALUE (FACE VALUE) OF PORTFOLIO AMOUNTS TO APPROXIMATELY EUR 800 MILLION
    * ACQUISITION IS EXPECTED TO CLOSE IN FIRST OR AT BEGINNING OF Q2 OF 2019
    * ACQUISITION IS MADE THROUGH A JOINT VENTURE STRUCTURE TOGETHER WITH B2HOLDING  B2H.OL 
WHERE
EACH PARTY HOLDS 50%

Source text for Eikon:  ID:nWkrj3PR0 
Further company coverage:  DDM.ST 

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