Scholz Holding GmbH
Scholz Holding GmbH: Scholz Group sells ScholzAlu Stockach GmbH and further streamlines its portfolio
Scholz Holding GmbH / Key word(s): Bond 03.06.2016 09:01 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release Scholz Holding GmbH London, 3 June 2016 Scholz Group sells ScholzAlu Stockach GmbH and further streamlines its portfolio - Another step in the international recycling group's restructuring and re-orientation process The Scholz Group has sold its corporate subsidiary ScholzAlu Stockach GmbH based in Stockach on Lake Constance as part of its restructuring process. Buyers of 100% of the shares are investors advised by Orlando Management AG. ScholzAlu Stockach produces cast and wrought alloys from recycled scrap aluminum and treats salt slag from secondary aluminum production. The company with currently 160 employees is therefore not part of the Scholz Group's core business of steel and metal recycling (Fe-/NF Recycling). The sale is another step in the group's ongoing restructuring and re- orientation process, which has progressed considerably. The parties to the completed transaction have agreed to keep the financial details confidential. The sale was preceded by a structured, comprehensive investor process that led to a positive bidding competition. Orlando Management AG with offices in Munich, Zurich and Stockholm advises institutional and private investors on investments in enterprises. Contact details: Frank Elsner Kommunikation für Unternehmen GmbH Frank Elsner Tel.: +49 89 99 24 96 30 E-Mail: office@elsner-kommunikation.de 03.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Scholz Holding GmbH Office Number: 610, 68 King William Street EC4N 7DZ London United Kingdom Phone: 0044 20 7959 2291 Fax: E-mail: infoscholz@scholz-group.com Internet: www.scholz-group.com ISIN: AT0000A0U9J2 WKN: A1MLSS Listed: Open Market in Frankfurt ; Wien (Geregelter Freiverkehr / Second Regulated Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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