Jindal Steel eyes $5 billion acquisition of European steelmaker Thyssenkrupp unit

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Jindal Steel and Power is considering a bid worth approximately $5 billion for the steel division of Germany's Thyssenkrupp. The potential acquisition targets the company's steel unit located in Duisburg. This move is part of Jindal's strategy to significantly expand its presence in the European market. The reported consideration follows earlier, less substantial talks between the companies.

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