Thyssenkrupp Increases Internal Steel Business Valuation by 25% After Failed Jindal Sale Talks

Thyssenkrupp raised the valuation assigned to its steel business by a quarter, less than two weeks after talks to sell it to India's Jindal Steel fell through. The steel business valuation increase occurred shortly after the collapse of negotiations with the Indian buyer. Talks to sell Thyssenkrupp's steel business to India's Jindal Steel had been underway before breaking down.

@Reuters reported that the German company lifted its internal valuation of the steel unit by 25 percent despite the failed sale process. The timing places the revaluation firmly in the days immediately following the termination of discussions with Jindal Steel. The developments underscore Thyssenkrupp's continued efforts to reshape its steel operations after the breakdown in talks.

No further details on the new valuation figure or potential future sale plans were disclosed in the reporting.