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The German Federal Cartel Office approved the acquisition of a 51% stake in Prometall GmbH by Kaatsch, a Scholz subsidiary and scrap metal trader based in Plochingen, Germany. The approval was announced on January 25, 2023.
Scholz subsidiary Kaatsch plans to acquire 51% of the shares of Prometall GmbH in Fellbach, Germany. The application is being reviewed by the Federal Cartel Office.