{"id":433127,"date":"2025-09-18T07:45:24","date_gmt":"2025-09-18T07:45:24","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/433127\/"},"modified":"2025-09-18T07:45:24","modified_gmt":"2025-09-18T07:45:24","slug":"indian-company-seeks-to-buy-germanys-biggest-steelmaker","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/433127\/","title":{"rendered":"Indian company seeks to buy Germany&#8217;s biggest steelmaker"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" referrerpolicy=\"no-referrer\" width=\"460\" height=\"258\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/68cad5a620302727024d704a.jpg\" class=\"attachment-wt450_250 size-wt450_250 wp-post-image\" alt=\"\" itemprop=\"image\"\/>                  <\/p>\n<p>FILE PHOTO. \u00a9\u00a0                Getty Images\/ThomasSaupe<\/p>\n<p>Jindal Steel International has not disclosed the financial details of the bid on Thyssenkrupp\u2019s unit            FILE PHOTO. \u00a9                 Getty Images\/ThomasSaupe<\/p>\n<p>Jindal Steel International, a division of the Naveen Jindal Group, has submitted a non-binding offer for Thyssenkrupp\u2019s steel unit, the Indian conglomerate said on Tuesday.<\/p>\n<p>Jindal did not disclose the financial details of the bid for Thyssenkrupp Steel Europe, Germany\u2019s largest steelmaker.<\/p>\n<p>A non-binding offer is a proposal to purchase or invest in a company, asset, or business, that does not create a legal obligation for the party making the offer to follow through with the transaction.<\/p>\n<p>\u201cJindal has presented a forward-looking concept for Thyssenkrupp Steel that could help make decarburization more affordable,\u201d the company said. \u201cThe plan would secure steel production in Germany and create new business opportunities.\u201d<\/p>\n<p><img decoding=\"async\" referrerpolicy=\"no-referrer\" alt=\"India and US resume trade talks after hiatus\" data- src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/68c9b23620302708d07957ff.jpg\"\/>                                                                    <img decoding=\"async\" referrerpolicy=\"no-referrer\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/68c9b23620302708d07957ff.jpg\" alt=\"India and US resume trade talks after hiatus\"\/>                                            <\/p>\n<p>Jindal plans to support the German steelmaker by supplying low-carbon steel from its new hydrogen-ready DRI plant in Oman, which is set to start operations in 2027. This will help ensure a stable supply and speed up the transition to more environmentally friendly steel production, the company said.<\/p>\n<p>Reuters cited Thyssenkrupp as saying it would closely examine the offer \u201cparticularly with regard to economic sustainability, the continuation of the green transformation and employment at our steel sites.\u201d<\/p>\n<p>The Indian company is also willing to assume Thyssenkrupp Steel Europe\u2019s pension obligations as part of a potential deal, the news agency added.<\/p>\n<p>Thyssenkrupp is seeking to partially divest most of its businesses in a bid to become leaner and more focused.<\/p>\n<p>Last year, Jindal Steel acquired Vitkovice Steel in the Czech Republic. (RT)<\/p>\n<p>Az\u0259rbaycan24 sosial \u015f\u0259b\u0259k\u0259l\u0259rd\u0259 <\/p>\n","protected":false},"excerpt":{"rendered":"FILE PHOTO. \u00a9\u00a0 Getty Images\/ThomasSaupe Jindal Steel International has not disclosed the financial details of the bid on&hellip;\n","protected":false},"author":2,"featured_media":433128,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[3032,2000,299,1824,730,6858,5598],"class_list":{"0":"post-433127","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-czech-republic","9":"tag-eu","10":"tag-europe","11":"tag-germany","12":"tag-india","13":"tag-oman","14":"tag-the"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115224191055270450","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/433127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=433127"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/433127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/433128"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=433127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=433127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=433127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}