Thyssenkrupp is in advanced talks to sell its steel unit to Jindal Steel, with a green project commitment, ending earlier talks with Kretinsky.

Thyssenkrupp is in advanced talks with Jindal Steel International over the potential sale of its steel unit, Thyssenkrupp Steel Europe, a key part of CEO Miguel Lopez’s restructuring plan. The Indian company’s indicative bid, which includes commitments for a green steel project, has ended earlier discussions with Czech billionaire Daniel Kretinsky. Lopez called the talks constructive but said the process could take months due to complex issues like pension liabilities. The outcome remains uncertain, with no timeline for a final decision.