【SMM Steel】Thyssenkrupp, Jindal call off steel division sale talks

Published: May 5, 2026 13:57

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【SMM Steel】Thyssenkrupp has suspended negotiations with India's Jindal Steel International on the potential sale of its steel division. No reason was given, but Thyssenkrupp's CEO said the steel business outlook is "better than it has been in a long time," citing improved conditions across Europe. Talks began in September but disagreements over pensions, investment, and energy costs may have caused the breakdown. Thyssenkrupp reported a net loss of €334m in Q1 FY2025/2026, including €401m in restructuring costs for steel. US fund Flacks Group had previously prepared to bid for the steel division if the sale failed.

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