Carlyle Group has withdrawn its bid for Thyssenkrupp's defence unit, citing uncertainty and indecision from Berlin. The private equity firm had offered €1.2 billion for the division, but was unable to reach a deal due to disagreements over the sale process. This development comes as Thyssenkrupp continues to restructure its business in response to declining demand.

Source: https://www.ft.com/content/1f93f8b2-ecb8-4d14-9a56-0225cb2c8933