CEO Miguel López described the discussions as a form of “good cooperation,” while cautioning that the process could take some time to develop.
Jindal Steel International had previously submitted an indicative offer for Thyssenkrupp Steel Europe, which is also Europe’s second-largest steel producer. The proposal is seen as a significant step in the long-planned sale process of Thyssenkrupp’s steel operations.
Speaking at the IPO ceremony of TKMS Naval Systems held at the Frankfurt Stock Exchange, López said: “The talks are progressing very intensively. We will be able to see the outcome within the next few weeks.”
Thyssenkrupp’s current plans focus on restructuring its steel business and completing the green steel investment commitments outlined in Jindal’s proposals.
Following previous developments regarding the divestment of its steel unit, this potential sale remains one of the most critical uncertainties in CEO López’s restructuring strategy.
Jindal’s offer also brought an end to the long-standing negotiations between Thyssenkrupp, Czech billionaire Daniel Křetínský, and other parties over the creation of a 50:50 joint venture for the steel division.
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