Thyssenkrupp Steel's Future Uncertain Amid EP Group Exit and Jindal Steel Takeover Bid
Thyssenkrupp's steel division faces an uncertain future due to overcapacities and potential job cuts. The company has been in talks with various investors, including EP Group and Jindal Steel International, about its future. Recently, EP Group agreed to return its 20% stake in Thyssenkrupp Steel Europe (TKSE), while Jindal Steel has made an unsolicited takeover offer.
Thyssenkrupp's steel division has long been a source of concern. Talks with EP Group, which aimed to increase its stake in TKSE to 50%, have ended. Meanwhile, Indian company Jindal Steel International made an unsolicited takeover offer in October 2025. The discussions are ongoing, with Thyssenkrupp seriously considering the proposal.
Last month, Jindal Steel made another takeover offer for Thyssenkrupp, Germany's largest steel company. EP Group, however, has agreed to return its 20% stake in TKSE and receive a refund of the purchase price paid to Thyssenkrupp. Thyssenkrupp has also received a non-binding offer from Jindal Steel for its steel division.
Thyssenkrupp's steel division remains in limbo as talks with potential investors continue. EP Group's departure and Jindal Steel's unsolicited offers suggest a potential change in ownership or structure. The future of the division and its employees hangs in the balance as negotiations progress.
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