Thyssenkrupp in 'intensive' talks with Jindal over sale of steel unit
Published by Global Banking and Finance Review
Posted on October 20, 2025

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on October 20, 2025

By Christoph Steitz and Tilman Blasshofer
FRANKFURT (Reuters) -Thyssenkrupp is in intensive talks with Jindal Steel International over the Indian group's interest in its steel business, the German conglomerate's CEO said, calling it "good cooperation" but signalling discussions could take a while.
Jindal Steel International last month made an indicative bid for Thyssenkrupp Steel Europe (TKSE), Europe's second-largest steelmaker, to strengthen its foothold on the continent, in what could result in a sale of the business that has long been sought by management.
"Talks are ongoing - very intensively," CEO Miguel Lopez told Reuters at the Frankfurt stock exchange, where he was attending the stock market debut of the TKMS naval vessels unit, which was spun off from Thyssenkrupp.
"We'll see what outcome we'll have over the next few months," he said, adding it was Thyssenkrupp's goal to restructure steel and thoroughly assess the offer by Jindal, which brings with it investment commitments for a major green steel site.
The sale of the steel unit remains the most critical part of Lopez's restructuring agenda for the storied German firm, as several efforts to divest the business have failed in recent years - mostly because of substantial pension liabilities tied to it.
As a result of the Jindal offer, Thyssenkrupp and Czech billionaire Daniel Kretinsky ended long-standing talks over a 50:50 steel joint venture.
(Reporting by Christoph Steitz, Tilman Blasshofer and Timm Reichert; Writing by Ludwig Burger; Editing by Kirsti Knolle, Kirsten Donovan)