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Essingen, 17 September 2015
Scholz Holding has initiated a structured investor process aimed at strengthening its capital base
Scholz Holding GmbH has initiated a structured investor process, in the context of which it is intended to strengthen the equity basis of the company. Strategic partners as well as financial investors with an interest in the sector from Germany and abroad are being addressed.
This step was prepared during the course of the summer and concludes the successful restructuring process of the Group. The international recycling group has retained KPMG as its financial advisor. The investor process is aimed at obtaining a positive outcome already in the next few months.
Since 2013, the Scholz Group has been the subject of a restructuring and realignment process. Significant elements of the process have been completed and the overall process has reached an advanced stage. The business has successfully disposed of non-strategic activities, as well as substantially reducing costs and simplifying structures. Already today, the Scholz Group has become considerably more efficient and effective. Furthermore, the business has identified a number of promising growth areas.
Further capital measures in the context of the entry of a new investor will now be aimed at returning the equity of Scholz Holding GmbH and the Scholz Group to a sustainably solid level. This will complete the restructuring process and enable the business to pursue its growth opportunities actively.
Toyota Tsusho Corp. (TTC), which has held a 39.9% share in Scholz Holding GmbH since mid-2014, informed the co-shareholder, the Scholz family (60.1% shareholding), that - whilst not participating in the capital measures – it has no reservations about the entry of new investors in the business. This decision has no effect on the ongoing operational business of the Scholz Group.
Oliver Scholz, CEO of the Scholz Group: "We respect TTC’s decision. It offers a clear perspective to all investors concerning the respective interests of the current shareholders of Scholz Holding GmbH. The commitment of the Scholz family as well as the management to the business remains as strong as ever.”
Contact:
Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: +49 89 99 24 96 30
E-Mail: [email protected]
Essingen, 17 September 2015
Scholz Holding has initiated a structured investor process aimed at strengthening its capital base
Scholz Holding GmbH has initiated a structured investor process, in the context of which it is intended to strengthen the equity basis of the company. Strategic partners as well as financial investors with an interest in the sector from Germany and abroad are being addressed.
This step was prepared during the course of the summer and concludes the successful restructuring process of the Group. The international recycling group has retained KPMG as its financial advisor. The investor process is aimed at obtaining a positive outcome already in the next few months.
Since 2013, the Scholz Group has been the subject of a restructuring and realignment process. Significant elements of the process have been completed and the overall process has reached an advanced stage. The business has successfully disposed of non-strategic activities, as well as substantially reducing costs and simplifying structures. Already today, the Scholz Group has become considerably more efficient and effective. Furthermore, the business has identified a number of promising growth areas.
Further capital measures in the context of the entry of a new investor will now be aimed at returning the equity of Scholz Holding GmbH and the Scholz Group to a sustainably solid level. This will complete the restructuring process and enable the business to pursue its growth opportunities actively.
Toyota Tsusho Corp. (TTC), which has held a 39.9% share in Scholz Holding GmbH since mid-2014, informed the co-shareholder, the Scholz family (60.1% shareholding), that - whilst not participating in the capital measures – it has no reservations about the entry of new investors in the business. This decision has no effect on the ongoing operational business of the Scholz Group.
Oliver Scholz, CEO of the Scholz Group: "We respect TTC’s decision. It offers a clear perspective to all investors concerning the respective interests of the current shareholders of Scholz Holding GmbH. The commitment of the Scholz family as well as the management to the business remains as strong as ever.”
Contact:
Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: +49 89 99 24 96 30
E-Mail: [email protected]
