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A board member of Germany’s Thyssenkrupp has said the company is involved in “a good dialogue” with Indian steel manufacturer Jindal Steel regarding a takeover of its steel division.
“It is an offer that we are taking very seriously,” Ilse Henne told dpa in Copenhagen on Wednesday. She was speaking on the sidelines of a meeting between representatives of major European companies and top EU politicians.
Thyssenkrupp and Jindal Steel announced more than two weeks ago that the family-run group wants to buy Thyssenkrupp’s entire steel division and has already submitted a non-binding offer.
Henne is responsible for the materials division on the Executive Board of Thyssenkrupp AG. She is also Chairwoman of the Supervisory Board of the steel division.
Many factors are now in play, Henne said. “It’s not just the employee representatives who say that steel is the future; we say so too. And that’s why we are committed to a sustainable solution for steel production in Germany.”
“Of course,” she added, “it ultimately comes down to price and to finding an owner who treats employees fairly and involves them in decisions.”
She said the company would “respect all these factors and systematically bring them to the table for discussion.”
Thyssenkrupp said at the time of the announcement that it intended to “intensively examine” the offer. In doing so, it wanted to pay particular attention to economic sustainability, the continuation of the green transformation and employment at the steel sites.
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