Thyssenkrupp AG and Jindal Steel International have paused discussions on selling a stake in Thyssenkrupp’s steel unit. The companies said the deal assumptions have changed, pointing to restructuring momentum at the steel business and a more favourable regulatory environment in Europe. That creates better growth prospects even as energy costs remain high.
Vedanta’s stock fell sharply on the London Stock Exchange, trading about 5.5% lower in the late afternoon and swinging from an early gain into the red. The move comes as market chatter swirls around talks to buy a stake in Cairn, highlighting how deal speculation can quickly hit sentiment and pricing.
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