Scholz creditors and bondholders accept offer tabled by Chiho-Tiande

Scholz: "Financial restructuring approaches successful conclusion"

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(WW) – The Chinese company Chiho-Tiande Group Limited (CTG) has come a few steps closer to taking over the ailing German steel scrap recycler Scholz. Its offer to acquire a package of Scholz’s debt has been accepted by the bondholders and nearly all of Scholz’s secured creditors. Last week, the bondholders’ ...

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