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Thyssenkrupp explores selling 60% of its steel unit to Jindal Steel, with talks ongoing and no final decision yet.
Thyssenkrupp is exploring a phased sale of its steel division, Thyssenkrupp Steel Europe, to India’s Jindal Steel International, with talks ongoing since October.
A potential deal could see Jindal acquire a 60% stake initially, with the remaining 40% acquired later, helping manage TKSE’s €2.5 billion in pension liabilities.
The gradual approach allows Thyssenkrupp continued involvement in restructuring, including job and capacity cuts.
Jindal plans a January visit to Germany for a technical review of the Duisburg plant.
All deal terms remain under discussion, no decisions have been made, and Thyssenkrupp has a backup plan if talks fail.
Jindal Steel has not commented.
Thyssenkrupp explora la venta del 60% de su unidad siderúrgica a Jindal Steel, con conversaciones en curso y sin decisión final aún.