DGAP-News: Scholz Holding GmbH: Toyota Tsusho Corp. has acquired stake in Scholz Holding GmbH

 DGAP-News: Scholz Holding GmbH: Toyota Tsusho Corp. has acquired stake in  Scholz Holding GmbH  DGAP-News: Scholz Holding GmbH / Key word(s): Bond Scholz Holding GmbH: Toyota Tsusho Corp. has acquired stake in Scholz Holding GmbH  09.07.2014 / 09:12  ---------------------------------------------------------------------  Scholz Holding GmbH Presse Release  Essingen, 09. July 2014  Toyota Tsusho Corp. has acquired stake in Scholz Holding GmbH    - CEO Oliver Scholz: "We have created a very good basis for the future"    - Financial creditors to continue their partnership with recycling group     - Management board consists of five members     - Berndt-Ulrich Scholz resigns from the management board after 60 years     in the company, but will retain an advisory role for the company  Toyota Tsusho Corp. (TTC), Nagoya/Japan, has acquired a 39.9 % stake in Scholz Holding GmbH (formerly Scholz AG) as planned. On 10. April 2014, both companies had announced having reached an agreement on the deal.  TTC's stake will significantly strengthen the international recycling group. Following restructuring - much of which has already been completed - TTC's involvement now forms the basis for strategic realignment. The transaction leaves 60.1 % of the company's share capital in the hands of the Scholz family.  Oliver Scholz, CEO of Scholz Group: "With the entry of TTC a new chapter begins in the development of our company. I am particularly pleased that the diverse strategic perspectives, available to the Scholz Group with the new partner, offer tremendous opportunities for the future development of our Group. With the completion of the transaction with TTC we have now created a very good basis upon which to look to the future with confidence, after difficult months of restructuring".  The terms for closing of the transaction included the continuing support to the Scholz group by its financial creditors. Over the past few weeks agreements have been concluded with all banks and capital providers on continuing financing to Scholz.  With the entry of TTC, the Management of Scholz Holding GmbH has changed and, since 01. July 2014, has consisted of five members (previously six). Chief Executive Officer (CEO) remains, as previously announced, Mr. Oliver Scholz. In addition Mr. Raphael Barth and Mr. Parag-Johannes Bhatt will continue to be part of the Board. TTC did provide two Board Members: Mr. Shinji Kashihara and Mr. Sumiaki Matsunaga.  Mr. Berndt-Ulrich Scholz, who has been with the company for more than 60 years, resigned from Management on 30. June 2014, but will remain with Scholz in an advisory capacity. Mr. Berndt-Ulrich Scholz looks back on a great entrepreneurial life's work: In the fourth generation, he built the family business into an internationally active recycling group that, today, is one of the leading international companies for the preparation and processing of steel and metal scrap. As part of the succession that had been planned over a long period of time, Mr. Berndt-Ulrich Scholz gave over the Chair of the holding company Management at the beginning of this year to his son, Mr. Oliver Scholz.  In addition, Mr. Markus Schürholz and Dr. René Gissinger have withdrawn from the Management of Scholz Holding GmbH. Mr. Markus Schürholz had joined the Board as the Chief Restructuring Officer (CRO) in mid July 2013 of the then Scholz AG; he will now turn to a new professional task after the very successful restructuring of the Group.  Contact details: Scholz Holding GmbH  Pressestelle  Heidrun Melchinger  Tel.: +49 7365 84-48   E-Mail: heidrun.melchinger@scholz-ag.de  Frank Elsner Kommunikation für Unternehmen GmbH Frank Elsner Tel.: +49 5404 9192-0 E-Mail: office@elsner-kommunikation.de   End of Corporate News  ---------------------------------------------------------------------  09.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.  DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de  ---------------------------------------------------------------------   Language:    English                   Company:     Scholz Holding GmbH                    Am Bahnhof                             73457 Esslingen                        Germany                   Phone:       +49 7365 84-0             Fax:         +49 7365 1481             E-mail:      infoscholz@scholz-ag.de   Internet:    www.scholz-ag.de          ISIN:        AT0000A0U9J2              WKN:         A1MLSS                        End of News    DGAP News-Service   ---------------------------------------------------------------------   277242 09.07.2014                                                        
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