Indian company seeks to buy Germany’s biggest steelmaker

Cătălin Roșioru

Jindal Steel International has not disclosed the financial details of the bid on Thyssenkrupp’s unit Jindal Steel International, a division of the Naveen Jindal Group, has submitted a non-binding offer for Thyssenkrupp’s steel unit, the Indian conglomerate said on Tuesday. Jindal did not disclose the financial details of the bid for Thyssenkrupp Steel Europe, Germany’s largest steelmaker. A non-binding offer is a proposal to purchase or invest in a company, asset, or business, that does not