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Thyssenkrupp Considers Indian Bid for Steel Division

Thyssenkrupp weighs Indian bid for its steel division. Employee representatives show openness, as sustainability and jobs are key considerations.

In this image there are train engines in the go down. At the top there are so many iron rods. On...
In this image there are train engines in the go down. At the top there are so many iron rods. On the right side there is a fence. Beside the fence there is a train on the railway track. In the middle there are two persons who are standing near the fence.

Thyssenkrupp Considers Indian Bid for Steel Division

Thyssenkrupp AG's materials division is considering a non-binding offer from Indian steel giant Jindal Steel International to acquire its steel division. The offer, submitted two weeks ago, is being seriously evaluated by Ursula Henne, head of the materials division and chairwoman of the steel division's supervisory board.

Economic viability and employee representation are key factors in the evaluation of the offer. Henne, along with Thyssenkrupp, is focusing on a sustainable solution for steel production in Germany. Employee representatives have shown openness to the offer, which is a positive sign for potential negotiations.

Thyssenkrupp will thoroughly review the offer, paying close attention to economic viability, green transformation, and employment at steel sites. The company is committed to ensuring that any deal aligns with its sustainability goals and protects the interests of its employees.

The acquisition offer from Jindal Steel International is being seriously considered by Thyssenkrupp. The company is conducting a thorough review, focusing on economic viability, sustainability, and employment. Employee representatives have shown openness to the offer, indicating a willingness to explore the potential benefits and challenges of the acquisition.

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