ThyssenKrupp

Note: This is a daily stock update and the information stands true as of 07/01/26, 09:00 CET.

Company Update:
ThyssenKrupp could sell its Steel division to Jindal Steel in several steps. Jindal could take an initial 60% stake with two tranches of 20% being acquired later. A phased transaction would give Thyssenkrupp more flexibility to address €2.5 bn ($2.9 billion) in pension liabilities tied to Steel Europe. This element derailed previous discussions regarding the sale of the division.
This is good news, as the Jindal audit is ongoing, and these elements suggest an increased likelihood of the deal. However, the company is adamant it also has a plan B should the talks with Jindal fail, and the improvement in prospects for the steel industry in Europe gives credence to that Plan B.

Expert Opinion:
ThyssenKrupp is transforming into a holding company. We still view some upside on the name despite the recent run, and the news flow is likely to remain positive for the next few months, especially considering the regulations around the European steel industry. 


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