Jindal Steel’s Thyssenkrupp buy talks in gridlock, a new suitor stirs the pot

Indian bidder Jindal Steel International is seeking clarity on the pension liabilities and curtailment costs it will inherit along with the asset. The company also wants to know how much financial support the German government will provide to help finance the transition from blast furnace-based steel production to relatively cleaner operations, in line with support given by other European governments to domestic steel producers. But Thyssenkrupp first asked Jindal to disclose its post-acquisition investment plans for the asset and explain how it planned to finance them, one of the two people said.