Sunday, 02. October 2016
For the last two years the financially struggling Recycling group Alba has been searching for an Investor. Because far and wide no minority shareholder in sight, must of Alba throw now even the “silverware” on the market.
The Chinese family of entrepreneurs Deng takes over the majority of two divisions of the Berlin waste management and Recycling group Alba, and helps the number of two-to-syringe on the German waste market is a much-needed financial. Alba gives 60 percent of its Recycling business in China and on the Service business in Germany (Interseroh) to a Fund for the family of Deng, as the company announced on Saturday. Financial circles according to the Chinese, to pay more than 300 million euros for the entry. Alba did not want to comment. With the money Alba can pay a large part of its debt of around 450 million euros back. The cartel authorities still have to agree.
Alba is led by Eric Schweitzer, the President of the German chamber of industry and Commerce day (DIHK), and his brother Axel. The group is under intense pressure from the banks and had been looking for since two years the Investor. The search for a minority shareholder, however, was lost in the Sands. Then Alba from China trying to business with the Recycling of electronics and automotive to separate scrap metal.
Now the Chinese have a rise also in the “silverware” of Alba applicable Service division: the Management of material cycles in the case of Interseroh and in the German sorting plants. Both areas together account for a turnover of 900 million Euro in the year two-fifths of business of Alba. Completely in the case of Alba, the classic waste-disposal business and the steel recycled. Thus, the group is behind the industry giants, Remondis is still in second place.
The new Investor Deng is in Germany not Unknown. The controlled Chengdu tech cent had taken earlier in the year, the business with water technology from the battered Mannheim-based construction services provider Bilfinger.
German environment and waste disposal technology is one of the sought-after acquisition targets by Chinese companies. Are you hoping for a transfer of technology, to solve the increasing waste problems in China. At the beginning of the year, Beijing Enterprise 18 bought formerly the energy supplier E. ON is belonging to the waste incineration plant, under the name of “Energy from Waste” for 1.8 billion euros. The scrap metal recycler Chiho-Tiande swallowed a good half a billion euros to the ailing Swabian metal recycler Scholz from Essingen near Aalen.