Archive · 2 Oct 2025
Jindal Eyes Thyssenkrupp Steel After JV Cancellation
Thyssenkrupp, a German steelmaker, canceled a planned partnership with a company owned by Daniel Kretinsky.
Now, another company, Jindal Steel, is trying to buy Thyssenkrupp.
Kretinsky's company had previously owned a portion of Thyssenkrupp.
Jindal Steel is planning to invest a lot of money to modernize the steelmaking process in Germany if they buy Thyssenkrupp.
This change could make Jindal Steel a major steel producer in Europe.
Thyssenkrupp scrapped its joint venture plan with EP Group.
Jindal Steel International made an unsolicited bid for Thyssenkrupp Steel Europe.
EP Group is withdrawing and selling its 20% stake.
Jindal Steel plans to invest €2 billion for decarbonization and steelmaking.
Naveen Jindal's team is heading to Germany for discussions.
- Who
- Thyssenkrupp, Jindal Steel International, Daniel Kretinsky’s EP Group
- What
- EP Group and Thyssenkrupp ended joint venture plans, paving the way for Jindal Steel to acquire Thyssenkrupp Steel Europe.
- When
- Discussions occurred in the month prior to the article publication.
- Where
- Germany.
- Why
- EP Group withdrew from talks, allowing Jindal Steel to pursue the acquisition of Thyssenkrupp Steel Europe.
Potential Concerns
Potential Benefits
Job Security
Potential Concerns
Unstated
Potential Benefits
Jindal's investment plans include safeguarding steelmaking in Germany.
- Companies Involved
- Thyssenkrupp Steel, Jindal Steel International, EP Group
- Original Plan
- 50:50 Joint Venture
- Deal Scrapped
- Between Thyssenkrupp and EP Group
- Jindal Bid
- Unsolicited bid for Thyssenkrupp Steel Europe
- Jindal Investment
- €2 billion for decarbonization and steelmaking in Germany
- Jindal Delegation
- Headed to Germany for discussions
