German giant Thyssenkrupp may sell steel biz to Jindal
Germany's Thyssenkrupp is in talks to sell its steel division to Jindal Steel International in a phased transaction. The deal, crucial for Thyssenkrupp's restructuring, could see Jindal initially acquire a 60% stake, with the remaining 40% purchased later. This approach aims to manage significant pension liabilities, a past obstacle to a sale.
Germany's Thyssenkrupp is in talks to sell its steel division to Jindal Steel International in a phased transaction. The deal, crucial for Thyssenkrupp's restructuring, could see Jindal initially acquire a 60% stake, with the remaining 40% purchased later. This approach aims to manage significant pension liabilities, a past obstacle to a sale.
