03 Oct 2025 | 3 Mins Read
Kretinsky steps down, Jindal Steel takes over Thyssenkrupp JV
Flipitmoney
Thyssenkrupp and EP Group have abandoned plans for a 50/50 joint venture in Thyssenkrupp Steel Europe. The EP Group, led by Czech tycoon Daniel Kretinsky, will return its 20% stake in TKSE, allowing Thyssenkrupp to explore a potential takeover by Jindal Steel, which made a non-binding offer for TKSE in September.