Thyssenkrupp has received a non-binding bid for its steel unit from a division of Indian conglomerate Naveen Jindal Group, the German company said on Tuesday, the latest twist in the group’s years-long effort to dispose of the business.
News of the indicative bid for Thyssenkrupp Steel Europe (TKSE) – Germany’s largest steelmaker that made 10.7 billion euros ($12.6 billion) in sales in the past fiscal year – sent shares in the German conglomerate up 5.3% by 1334 GMT.
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Source: Reuters | Published: 2025-09-16T14:04:11Z
Credit: Reuters
