Metals recycling group Scholz closes the first half of 2016 with a €65m loss

Group pinning high hopes on new shareholder

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(D) – Embattled Germany scrap recycler Scholz lost nearly €65m during the first six months of 2016. The loss came as a result of extraordinary charges totalling €41.9m, which stemmed primarily from "a write-down of individual shares of non-consolidated companies and bad debt" as well as costs associated with ...

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