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Chinese metal recycler Chiho-Tiande makes offer to acquire Scholz debt from creditors

Firm aims to acquire a majority stake in German ferrous scrap group

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(D) – Another party is interested in acquiring the struggling Germany steel recycler Scholz. The Hong Kong-based Chiho-Tiande Group (CTG) presented an offer at the end of April to the firm’s creditors to purchase a chunk of Scholz’s debt. If the creditors agree to this offer, Chiho-Tiande, which describes itself ...

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Article topics
Mergers and acquisitions
Fe scrap
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Business
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