Brief: DDM Says Co Made Strategic Investment, Acquired A 9.9% STAKE IN ADDIKO BANK

Addiko Bank AG

21/02/2020 18:34

Feb 21 (Reuters) - Ddm Holding Ag  DDM.ST :
    * DDM MAKES STRATEGIC INVESTMENT
    * HAS MADE A STRATEGIC INVESTMENT BY ENTERING INTO AN
AGREEMENT TO
ACQUIRE A 9.9% STAKE IN ADDIKO BANK
    * INITIAL INVESTMENT AMOUNTS TO APPROXIMATELY EUR 30 MILLION
    * INVESTMENT ALSO INCLUDES A CALL OPTION TO ACQUIRE AN
ADDITIONAL
10.1% STAKE IN ADDIKO BANK
    * INVESTMENT WILL BE FINANCED BY CASH ON HAND AND DRAWING
RIGHTS
UNDER BANK FACILITY

Source text for Eikon:  ID:nWkr38r1XB 
Further company coverage:  DDM.ST 

 ((Reuters.Briefs@thomsonreuters.com;))