Thyssenkrupp CEO Miguel López has confirmed that the German industrial giant is engaged in “constructive and intensive” talks with India’s Jindal Steel International over a potential acquisition of Thyssenkrupp’s steel division. While no final decision has been reached, discussions signal a possible landmark expansion of Jindal Steel into Europe.
In a recent speech, Thyssenkrupp CEO Miguel López emphasized that the company is pursuing a “constructive dialogue” with Jindal Steel International regarding the future of its steel business. The talks, described as intensive, follow Jindal Steel’s non-binding offer and ongoing due diligence on Thyssenkrupp Steel Europe.
The potential deal could reshape the European steel industry, marking Jindal Steel’s largest expansion into the region after its acquisition of Czech-based Vitkovice Steel in 2024.
Thyssenkrupp, facing restructuring pressures, views the dialogue as a step toward securing sustainable growth and exploring low-emission steel production.
Key Highlights
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CEO Statement: Miguel López confirmed constructive and intensive talks with Jindal Steel.
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Acquisition Interest: Jindal Steel has made a non-binding offer and is conducting due diligence.
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Strategic Expansion: A deal would significantly expand Jindal Steel’s footprint in Europe.
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Green Steel Vision: Jindal pledges investment in low-emission steel production.
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Timeline: Talks expected to continue for several months before a final outcome.
This dialogue underscores the growing synergy between European industrial giants and Indian steelmakers, potentially reshaping global steel markets.
Sources: Reuters, CNBC-TV18, Mint, ETInfra