ECONOMY

DDM Holding AG brings new partner into its Greek investment loan

DDM Holding AG brings new partner into its Greek investment loan

Swiss company DDM Holding AG announced on Monday it is bringing in a new partner into its Greek investment nonperforming loans.

The transaction will result in DDM’s investment decreasing by 15 to 35 million euros and will rebalance DDM’s portfolio, bringing the Greek share of the total NPL portfolio to about 32 percent of the book value.

[Reuters]

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