Restructuring at parent company of Chiho and Scholz hits a snag

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The search continues to find new owners for Chiho Environmental Group, the parent company of the ferrous scrap recyclers Scholz in Germany and Liberty Iron & Metal in the USA. Chiho announced on 22 July that steel producer Shandong Jiuyang had backed away from a potential deal. The steel group was heading up an investor consortium which had wanted to participate in the restructuring of Loncin Group....

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