ALSO READTata Steel gets regulatory approval for UK pension deal Thyssenkrupp optimistic over Tata's UK pension deal but merger risks remain Tata Steel completes pension deal for UK business Tata pension deal raises questions for Thyssenkrupp merger Thyssenkrupp CEO keen for Tata steel merger deal before end-September: sources
Tata Steel today 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 the companies have been in discussion for a merger of their steel businesses for almost over a year.
"Tata Steel would like to clarify that it continues to be in strategic discussions with Thyssenkrupp," the Indian steel major said in a statement.
The clarification has come in the wake of media reports saying Thyssenkrupp and Tata Steel may sign a Memorandum of Understanding (MoU) this month.
Tata Steel said: "The talks are currently ongoing and a decision regarding the same would be taken upon completion of the above discussions."
On September 11, Tata Steel had announced that it has concluded a new agreement under which its UK business stands separated from the 15-billion pound British Steel Pension Scheme (BSPS).
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)