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Thyssenkrupp Ends EP Talks, Shifts to Jindal Bid for Steel Unit

The company will now assess whether Jindal's indicative proposal aligns with its decarbonisation goals plus job protections.

Overview

  • Thyssenkrupp and EP Group ended negotiations over a 50/50 steel joint venture, with EP returning its 20% stake for a refund of the original purchase price.
  • The German group said it will concentrate talks on Jindal Steel International’s non‑binding offer to acquire the entire steel division.
  • Ilse Henne described the dialogue with Jindal as a good exchange and said the bid is being taken very seriously.
  • Management will intensively review the offer for economic viability, continuity of green transition projects and safeguards for employment at German sites.
  • Worker representatives signaled openness to the Jindal approach, as the loss‑making steel unit seeks a sustainable path under high cost and decarbonisation pressures.