Germany's Thyssenkrupp could sell its steel division to India's Jindal Steel International in several steps, four people familiar with the talks said, as the two sides try to strike a deal for the complex business.
Germany's energy regulator on Tuesday said it has appointed Andreas Goss as the second managing director of Rosneft's German operations, which it controls under a trusteeship set up in 2022 in the wake of Europe's energy crisis.
Thyssenkrupp's steel unit said it will temporarily shut down production of electrical steel in Europe, a key material used in wind turbines and power grids, blaming cheap imports from Asia that it warns are putting an additional 1,200 jobs at risk.
Jindal Steel International sees government subsidies in Europe as "an important factor" in its strategy for a potential takeover of Thyssenkrupp's steel division (TKSE), the head of its European business told WirtschaftsWoche on Friday.
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