Jindal Steel International looks to buy Thyssenkrupp's German unit

Jindal Steel International, part of the Naveen Jindal Group, has submitted a non-binding offer for Thyssenkrupp Steel Europe, the steel segment of German conglomerate Thyssenkrupp AG. 

In a statement on Tuesday, Jindal Steel International said that it would enter into discuss­ions with Thyssen­k­rupp AG to ac­q­uire its steel seg­ment Thyssenkrupp Steel Europe (thyssenkrupp Steel). 

Thyssenkrupp AG confirmed that it has received a non-binding, indicative offer from Jindal Steel International for the purchase of Thyssenkrupp Steel Europe. 

“The executive board of Thyssenkrupp AG will carefully review this offer, paying particular attention to its economic viability, the continuation of the green transformation,