Jindal Steel plans takeover of Thyssenkrupp Steel

Book Check Sales Plans of Thyssenkrupp Steel Enter the Next Round

2025-09-22 Source: dpa 1 min Reading Time

In the case of the possible sale of Thyssenkrupp Steel to the Indian steel manufacturer Jindal Steel, a detailed examination of the steel manufacturer's books by Jindal is expected to take place soon ...

Hot deal? On Tuesday (September 16), rumors surfaced that the Indian steel corporation Jindal Steel International has made an offer to purchase Thyssenkrupp Steel Europe from the parent company. It seems that the next steps are now being initiated ...(Image: Jindal) — Hot deal? On Tuesday (September 16), rumors surfaced that the Indian steel corporation Jindal Steel International has made an offer to purchase Thyssenkrupp Steel Europe from the parent company. It seems that the next steps are now being initiated ...
(Image: Jindal)

On September 16, Thyssenkrupp and Jindal Steel International announced that the family-run steel conglomerate intends to purchase the entire steel division of Thyssenkrupp and has already submitted a non-binding offer. The proposed concept for the future is considered attractive. According to it, Jindal plans to complete the direct reduction plant in Duisburg (Germany), which is already under construction, for the production of green steel. Additionally, the company intends to create electric arc furnace capacities worth more than 2.1 billion US dollars at the site. Thyssenkrupp decision-makers and the state government have not expressed opposition. As reported by dpa from sources within the involved companies, Jindal and Thyssenkrupp Steel, a so-called due diligence process is being carried out regarding the sale of Thyssenkrupp Steel Europe. Furthermore, representatives of the Indian owner family plan to travel to Germany shortly to discuss further steps with Thyssenkrupp and employee representatives.

Jindal Steel Enters European Ground With Thyssenkrupp Acquisition

Jindal also spoke of a value chain under the heading "From the mine to the metal." The Indian steel group intends, for example, to supply high-quality iron ore from its mines in Cameroon not only to its own DRI plant in Oman but later also to the unfinished plant in Duisburg. According to its own statements, Thyssenkrupp plans to thoroughly review the offer, focusing primarily on economic sustainability, the continuation of the green transformation, and employment at the steel sites. Employee representatives are also not opposed to accepting the deal. Jürgen Kerner, the second chairman of IG Metall, even believes that Thyssenkrupp Steel could be the perfect complement for Jindal, as the Indians are not yet active in Europe. Therefore, the acquisition would be strategically sensible and offer many opportunities.

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Date: 08.12.2025

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