Stockholm, August 5 2014 — 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.
To view an interview from today’s listing ceremony click here.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within NASDAQ OMX Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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