Merger talks continue with Thyssenkrupp: Tata Steel

Tata Steel on Thursday said a final decision on merging its European business with German major Thyssenkrupp is yet to be taken, as the “strategic discussions” are still continuing.

Both firms have been in discussion for a merger of their steel businesses for almost over a year. The clarification has come in the wake of reports saying Thyssenkrupp and Tata Steel may sign a deal this month.

Meanwhile, Germany’s economy minister has urged Thyssenkrupp to seek an agreement with its workers over plans to merge the group’s European steel operations with those of Tata Steel. A JV with Tata Steel is the