Thyssenkrupp falls after halting steel unit sale talks with Jindal

Jindal Steel

04/05/2026 07:13

** Shares in German industrial giant Thyssenkrupp  TKAG.DE are down 4.5% in early Frankfurt trade after months-long talks to sell its steel unit to Jindal Steel JINT.NS were put on hold

** The announcement was "not out of the blue, but still quite negative," a local trader says

** The sale could be a game changer for Thyssenkrupp, the local trader says, but is not coming true for now

** The framework for a sale has changed, the company said, as it had made progress in restructuring

** Making Thyssenkrupp Steel Europe independent remains a medium-term goal, Thyssenkrupp said

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))