Derichebourg: Chiho Challenges the Appointment of Scholz Recycling's Receivers in Court
Derichebourg has announced its awareness of a legal action initiated by Chiho Environmental Group in the High Court of Hong Kong on July 7, 2026. This action challenges the validity of the appointment of independent receivers following the activation of securities on Scholz Recycling, the parent company of the group coveted by the French recycler.
Judicial Appeal Challenges the Receivers of Scholz Recycling
Chiho Environmental Group has filed a lawsuit in the High Court of the Hong Kong Special Administrative Region to challenge the legality of the appointment of independent receivers (Receivers) designated following the activation of securities at the parent company level of Scholz Recycling. The appeal also targets the actions taken by these receivers. This procedure does not directly target Derichebourg, but it concerns the governance structures surrounding the acquisition that the French recycling group has been pursuing since May 5, 2026, the date of the contract signing for the acquisition of 100% of the capital of Scholz Recycling. Derichebourg announces that it is examining this action with its advisors to determine its contours and the potential impact on the acquisition process.
Acquisition Still Subject to Regulatory Approvals
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Derichebourg continues the necessary steps to finalize the transaction, which remains subject to customary suspensive conditions, including approvals under merger control and foreign investment regulations. The group had won the contract to acquire Scholz Recycling following a competitive process organized by the Receivers. The French recycler commits to keeping the market informed of any significant developments, in accordance with its regulatory obligations.
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