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Billionaire Kretinsky Exits Thyssenkrupp Steel Unit as Talks End

Summary by Bloomberg
Thyssenkrupp AG and Czech industrial tycoon Daniel Kretinsky have ended talks over the latter investing more in the German conglomerate’s European steel unit, clearing the way for rival suitor Jindal.

19 Articles

Thyssenkrupp is looking for buyers for the crisis-riding steel subsidiary TKSE. Czech billionaire Daniel Křetínský now returns his minority share – thus paving the way for bidders from India.

·Munich, Germany
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Lean Left

The steel division of Thyssenkrupp weakens. EP Group had bought a 20 percent share and wanted to increase it. However, the parties could not agree.

·Germany
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Lean Right

Daniel Kretinsky had great plans with Duisburger Stahl. Now the dazzling billionaire throws down and gets his money back. Thyssenkrupp puts everything on the Indian card. As it goes on now.

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wz.dewz.de
+2 Reposted by 2 other sources
Center

The planned steel joint venture between Thyssenkrupp and the Czech EP Group does not come about. The steel manufacturer is now focusing on discussions with a new interested party.

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Bias Distribution

  • 63% of the sources lean Left
63% Left

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regionalmedianews.com broke the news in on Thursday, October 2, 2025.
Sources are mostly out of (0)

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