Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleJindal Steel sees European subsidies as vital for acquiring Thyssenkrupp's steel unit, focusing on green steel transition.
BERLIN, Dec 5 (Reuters) - Jindal Steel International sees government subsidies in Europe as "an important factor" in its strategy for a potential takeover of Thyssenkrupp's steel division (TKSE), the head of its European business was quoted as saying on Friday.
Jindal wants to make the transition to green steel "because we firmly believe that it makes economic sense," Narendra Kumar Misra told German magazine WirtschaftsWoche in an interview.
Thyssenkrupp, which has for years tried to dispose of its steel business, in September received an indicative bid from India's Jindal Steel International for TKSE.
The company is currently carrying out due diligence on TKSE, Germany's largest steelmaker, before deciding whether to make a firm offer.
Thyssenkrupp said in a statement that due diligence was ongoing, referring to Jindal Steel for any further questions around the strategic rationale of a potential takeover.
(Reporting by Tom Kaeckenhoff, Writing by Friederike Heine and Christoph Steitz, Editing by Miranda Murray and Louise Heavens)
Green steel refers to steel produced using renewable energy sources and sustainable practices, aiming to reduce carbon emissions and environmental impact compared to traditional steel manufacturing.
Due diligence is the process of thorough investigation and analysis conducted before entering into a business transaction, ensuring that all relevant information is considered to mitigate risks.
A takeover is an acquisition of one company by another, where the acquiring company gains control over the target company's assets and operations, often through purchasing a majority of its shares.
A bid is an offer made by an individual or company to purchase an asset or company, often part of a competitive process where multiple parties may submit bids.
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