Germany’s Thyssenkrupp (TKAMY) may sell Thyssenkrupp Steel Europe, or TKSE, to India’s Jindal Steel in a number of steps as the two companies aim to reach a deal for the complex business, Reuters’ Christoph Steitz, Tom Kaeckenhoff, and Neha Arora report, citing four people familiar with the talks. Jindal has been conducting due diligence on the steel unit since October after making an indicative offer for the business, the authors note.
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