The EP Group (EPG) and thyssenkrupp AG have mutually agreed to end talks about a possible 50/50 joint venture for thyssenkrupp Steel Europe. On July 31, 2024, EPG acquired a 20 percent stake in thyssenkrupp Steel Europe; the agreement at that time provided for subsequent talks on an additional 30 percent with a view to a 50/50 joint venture. EPG respects thyssenkrupp AG's preference to concentrate on discussions with Jindal Steel International about its submitted indicative bid for thyssenkrupp Steel Europe and has agreed to withdraw from further talks, return its 20 percent stake in thyssenkrupp Steel Europe, and receive reimbursement of the purchase price it paid to thyssenkrupp AG.