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....
Restructuring at parent company of Chiho and Scholz hits a snag
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