Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Thyssenkrupp says India's Jindal Steel makes bid for steel business
Cape Times
|September 17, 2025
INDIA'S Jindal Steel International has made an offer for Thyssenkrupp's steel division, the German company said Tuesday, in what would be a mega-deal for the struggling industrial titan.
-
Once a symbol of German manufacturing might, Thyssenkrupp has fallen into crisis in recent years as it battles high manufacturing costs at home and fierce competition from Asian rivals, particularly in the traditional steel business.
The sprawling conglomerate - whose businesses range from auto parts to submarine-making - has long been seeking to get rid of the loss-making steel unit which is in the midst of a painful restructuring.
It confirmed in a statement that it had received a "nonbinding" offer from Jindal Steel International for the purchase of Thyssenkrupp Steel Europe (TKSE).
The group said it would "carefully review" the offer and pay "particular attention" to what it would mean for jobs.
Jindal said it was "committed" to the production of green steel, which has been a key focus for Thyssenkrupp in recent years.
Denne historien er fra September 17, 2025-utgaven av Cape Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Cape Times
Cape Times
Murder in the air and Christmas spirit at heart
AS THE festive season approaches, the anticipation for seasonal stories begins to mount.
1 mins
December 19, 2025
Cape Times
Russia, Africa stand to gain from closer ties
Russia is an old and trusted friend of Africa
5 mins
December 19, 2025
Cape Times
La Niña to bring rainy festive season across South Africa, warns SAWS
PARTLY cloudy and warm-to-cool conditions are expected across much of the country over Christmas and New Year.
2 mins
December 19, 2025
Cape Times
UKRAINE DELEGATION TO HOLD TALKS
PRESIDENT Volodymyr Zelenskiy said yesterday that Ukrainian and US delegations would hold new talks today and tomorrow in the US aiming to end the Russian invasion.
1 min
December 19, 2025
Cape Times
Attacked nurse fails in bid to claim R10 million from minister
THE Mpumalanga High Court has turned down a nurse's R10 million claim against the Minister of Health, saying it was filed too late
2 mins
December 19, 2025
Cape Times
Southern Africa’s poultry revolution strengthened by collective action
IN SOUTHERN Africa, the poultry sector holds enormous promise.
3 mins
December 19, 2025
Cape Times
Workers’ strike at DRDGOLD's ERGO operations suspended
DRDGOLD has announced that planned strike action at its Ergo Mining (ERGO) operations has been suspended, allowing operations to continue uninterrupted.
2 mins
December 19, 2025
Cape Times
WEF sketches four possible global economic futures shaped by geopolitics and technology
THE global economy could splinter, stagnate or rebound sharply by 2030 depending on how geopolitical tensions and the pace of technology adoption evolve, according to a new World Economic Forum (WEF) white paper released this month.
1 mins
December 19, 2025
Cape Times
MI Cape Town tackle the Stormers as Robbie P awaits the arrival of Nicky P ahead of SA20 opener
MI Cape Town coach Robin Peterson may give his Stormers counterpart John Dobson a ring about scrumhalf Imaad Khan’s availability for the Betway SA20 Season 4.
2 mins
December 19, 2025
Cape Times
Red meat industry outlines role in tackling FMD as government intensifies response
THE Red Meat Producers' Organisation (RPO) has highlighted the significant challenges faced by the livestock industry in 2025 due to the Foot and Mouth Disease (FMD) outbreak, while outlining the role organised agriculture has played in supporting affected producers.
3 mins
December 19, 2025
Listen
Translate
Change font size