No earn-out payment for Scholz bondholders for 2017

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(D) – Holders of the Scholz bond, who had to forfeit over 90 per cent of their invested capital when the German steel scrap recycler ran into financial difficulties in 2016, will not get any additional payments. It had been agreed that an "earn-out payment" of €5.8m would be made if the firm’s earnings before ...

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