Thyssenkrupp Ends Talks With EP Group for Steel Europe, Clearing Path for Rival Suitor

Dow Jones
10/02
 

By Nina Kienle

 

Thyssenkrupp ended talks with EP Group on a possible 50-50 joint venture for Steel Europe, clearing the way for rival suitor Jindal Steel International.

The German industrial conglomerate on Thursday said that Czech industrial tycoon Daniel Kretinsky's EP Group has withdrawn from further talks. Thyssenkrupp added that it would acquire the 20% of Steel Europe sold to EP Group for the purchase price it paid.

The news follows India's Jindal Steel making a non-binding offer for Thyssenkrupp's European steel operations in mid-September.

Jindal put forward a plan to decarbonize the business and make its production of steel in Germany competitive, Thyssenkrupp said at the time.

Thyssenkrupp has tried unsuccessfully a number of times to sell its steel business, in an attempt to reduce complexity, boost competitiveness and increase profitability.

In July 2024, EP Group acquired a stake in the business and the agreement at the time provided for further talks on an additional 30% stake with the target of a 50-50 joint venture.

EP Group didn't immediately respond to a request for comment. Thyssenkrupp said both companies mutually agreed to end talks.

 

Write to Nina Kienle at nina.kienle@wsj.com

 

(END) Dow Jones Newswires

October 02, 2025 07:55 ET (11:55 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10