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Jindal Steel closes in on Thyssenkrupp unit buy
Financial Express Mumbai
|October 03, 2025
PATH CLEARED AS CZECH BILLIONAIRE AGREES TO SELL 20% STAKE
CZECH BILLIONAIRE DANIEL Kretinsky has agreed to sell his 20% stake in Thyssenkrupp’s steel unit and scrap plans for a joint venture for the business, both parties said in a joint statement, paving the way for a possible deal with Jindal Steel.
The sale ends protracted talks over what could have become a German-Czech steel and energy giant, discussions that have not made any measurable progress since Kretinsky bought a fifth of Thyssenkrupp Steel Europe (TKSE) last year.
Kretinsky has already given up his seat on TKSE’s supervisory board, along with another senior executive of his EP Group, a company spokesperson said.
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