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Jindal Steel's Potential Acquisition of Thyssenkrupp Steel: Green Steel Commitment and Expansion Plans
In a significant development for the global steel industry, Jindal Steel has announced its intention to acquire Thyssenkrupp Steel Europe. This potential acquisition, first announced in September 2025, could lead to a binding offer in the near future as discussions with Thyssenkrupp AG progress.
The news of Jindal Steel's interest in Thyssenkrupp Steel has been met with a positive response, particularly from trade unions. Jürgen Kerner of IG Metall described Jindal's interest as "basically good news." This positive reaction contrasts with previous takeover rumors, which often faced massive resistance from employees.
Jindal Steel's offer includes a commitment to complete the DRI plant in Duisburg, a move that aligns with their green steel ambitions. They also plan further investments for decarbonization, demonstrating their dedication to sustainable steel production.
For Jindal Steel, Thyssenkrupp Steel presents an opportunity to expand into the European market. With Thyssenkrupp Steel having minimal presence in Europe, the acquisition would be a "perfect complement" for Jindal Steel. Jindal Steel's own iron ore base is considered a strategic advantage in their offer.
Thyssenkrupp's stock has responded positively to this news. It has climbed to a new 52-week high, currently trading at €11.62, representing an increase of nearly 3% from the previous day. Since the beginning of the year, Thyssenkrupp's stock has nearly tripled in value, making it an exciting investment for many.
The potential sale of Thyssenkrupp's steel division and the marine IPO could fundamentally change Thyssenkrupp's corporate structure and unlock significant value. Thyssenkrupp is pushing ahead with the IPO of its profitable marine division TKMS for the fourth quarter, indicating a serious interest in Thyssenkrupp Steel's steel division.
The coming weeks will show whether the talks between Jindal Steel and Thyssenkrupp Steel will lead to action. A binding offer from Jindal Steel for Thyssenkrupp Steel could be made as early as January, following successful due diligence.
The transformation from a cumbersome industrial conglomerate to a focused company is becoming a reality, according to the news. This potential acquisition could mark a significant step in this transformation for Thyssenkrupp.
As the negotiations continue, investors and stakeholders in both companies will be closely watching for further developments. The news flow on both strategic projects is likely to continue driving the price of Thyssenkrupp's stock, making it an exciting investment opportunity for many.
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