Recylex gets debt reprieve for German subsidiaries; EU rules Recylex must pay collusion fine

European lead and zinc smelter Recylex has again been granted a reprieve from debtors regarding repayments of loans its German subgroup took out to finance asset investment, but will also be on the hook for a €26.7 million ($29.9 million) fine from the European Union, the company said on May 24.

A group of German banks loaned Recylex's German subgroup, which includes zinc-oxide manufacturers Norzinco and Weser-Metall, €27 million to finance the maintenance of Weser-Metall's primary lead smelting furnace in Nordenham...

Published

Archie Hunter

May 28, 2019

16:10 GMT

London