DGAP-News: Scholz AG: Toyota Tsusho Corporation steigt mit 39,9 % bei Scholz AG ein/ Toyota Tsusho Corporation will take a 39.9 % stake in Scholz AG

DGAP-News: Scholz AG / Schlagwort(e): Anleihe/Anleihe
Scholz AG: Toyota Tsusho Corporation steigt mit 39,9 % bei Scholz AG
ein/ Toyota Tsusho Corporation will take a 39.9 % stake in Scholz AG

10.04.2014 / 07:34


Scholz AG Press Release

Essingen, 10 April 2014

Toyota Tsusho Corporation will take a 39.9 % stake in Scholz AG

– A significant strengthening of the recycling group’s financial

– A long-term focussed investor with a strong balance sheet provides new
strategic perspectives for Scholz

– CEO Oliver Scholz: „We have found our preferred partner in Toyota

The structured investor process for Scholz AG has reached a successful
outcome: Toyota Tsusho Corporation (TTC), Nagoya/ Japan, will take a
shareholding of 39.9% in Scholz AG, Essingen. This investment will lead to
a considerable improvement of the international recycling group’s financial

On this basis the restructuring process shall be successfully completed.
The majority shareholding of Scholz AG will stay with the Scholz family who
will hold 60.1% in Scholz AG. It has been agreed that TTC will send
representatives to Scholz AG’s Board of Directors. The CEO position will
remain unchanged and is held by Mr. Oliver Scholz.

TTC and Scholz have been working together for more than 10 years. Since
2008 they have been joint venture partners in the recycling company Green
Metals in Poland. Toyota Tsusho Corporation is currently acting in more
than 60 countries on a global scale and achieved sales of approximately YEN
6.3bn (currently approximately EUR 44bn) in fiscal year 2012/2013 (balance
sheet date: 31 March 2013).

Oliver Scholz, CEO of Scholz AG, commented: „As promised we swiftly lead
the investor process to a successful outcome which started in QIV/2013. We
have found our preferred partner in Toyota Tsusho. Toyota Tsusho
Corporation has a long-term focus, extensive capital resources and is
closely linked to Scholz as a business partner for a number of years. The
partnership with Toyota Tsusho Corporation will unveil new and interesting
strategic perspectives for our group of companies such as an exchange of
achievements in
Research & Development or access to a globally growing market for
end-of-life vehicles. Hence, this is a great day for our business, our
employees, our customers and our suppliers.“

Closing condition for the agreed transaction is the continued support of
Scholz AG’s existing financing partners. The closing of the agreement is
scheduled for the second quarter of 2014 after achieving approval from
relevant anti-trust and merger control authorities.

Scholz AG
Heidrun Melchinger
Tel.: +49 7365 84-48
E-Mail: heidrun.melchinger@scholz-ag.de

Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: +49 – 54 05 – 91 92 0
E-Mail: office@elsner-kommunikation.de

Ende der Corporate News


10.04.2014 Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch die DGAP – ein Unternehmen der EQS Group AG.
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Sprache: Deutsch
Unternehmen: Scholz AG
Am Bahnhof
73457 Esslingen
Telefon: +49 7365 84-0
Fax: +49 7365 1481
E-Mail: infoscholz@scholz-ag.de
Internet: www.scholz-ag.de
ISIN: AT0000A0U9J2

Ende der Mitteilung DGAP News-Service
262527 10.04.2014