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thyssenkrupp Receives Nonbinding Bid for Its Steel Unit From Naveen Jindal Group
09/16/2025 - thyssenkrupp announced Tuesday it has received a nonbinding offer for its steel unit, thyssenkrupp Steel Europe (TKSE), from Naveen Jindal Group’s steel division, Jindal Steel International, reported Reuters.
thyssenkrupp said it would examine the offer, focusing on economic sustainability, the continuation of its green transformation and employment at its steel sites.
Jindal Steel International said its offer would secure steel production in Germany, include the completion of a green steel production site by TKSE in Duisburg and commit more than €2 billion to establish additional electric arc furnace (EAF) capacity. They are also prepared to take on TKSE’s pension liabilities of around €2.7 billion in the deal, Reuters reported.
“Our goal is to preserve and grow thyssenkrupp’s 200-year industrial legacy and help transform it into Europe’s largest integrated low-emission steelmaker,” said Narendra Misra, director of European operations at Jindal.
Juergen Kerner, thyssenkrupp’s deputy supervisory board chair and senior IG Metall member, said the offer was good news and deeper discussions should begin soon.
Jindal Steel International said its offer would secure steel production in Germany, include the completion of a green steel production site by TKSE in Duisburg and commit more than €2 billion to establish additional electric arc furnace (EAF) capacity. They are also prepared to take on TKSE’s pension liabilities of around €2.7 billion in the deal, Reuters reported.
“Our goal is to preserve and grow thyssenkrupp’s 200-year industrial legacy and help transform it into Europe’s largest integrated low-emission steelmaker,” said Narendra Misra, director of European operations at Jindal.
Juergen Kerner, thyssenkrupp’s deputy supervisory board chair and senior IG Metall member, said the offer was good news and deeper discussions should begin soon.
