Thyssenkrupp AG said it and Jindal Steel International agreed to pause talks about the Indian company acquiring a stake in its steel unit.
“The original assumptions and prerequisites for a potential sale of Thyssenkrupp Steel have significantly changed in recent months,” the German company said in a statement on Saturday, as per Bloomberg.
“Thyssenkrupp has made significant progress in realigning its steel segment,” it said, adding that the regulatory environment for the industry in Europe has become “fundamentally more favorable” and “offers the sector significant potential for stabilization and growth” despite the current surge in energy prices.
“The original assumptions and prerequisites for a potential sale of Thyssenkrupp Steel have significantly changed in recent months,” the German company said in a statement on Saturday, as per Bloomberg.
“Thyssenkrupp has made significant progress in realigning its steel segment,” it said, adding that the regulatory environment for the industry in Europe has become “fundamentally more favorable” and “offers the sector significant potential for stabilization and growth” despite the current surge in energy prices.
