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Tata pension deal raises questions for Thyssenkrupp merger

Reuters  |  FRANKFURT/LONDON, Germany 

By Arno Schuetze and Carolyn CohnFRANKFURT/LONDON, Germany (Reuters) - A Tata Steel deal to separate its 15 billion-pound ($19 billion) UK pension scheme still leaves many questions unanswered for a potential merger with Thyssenkrupp's European steel operations, a source close to Thyssenkrupp said.The British Steel Pension Scheme has been the major hurdle to a tie-up between Tata's British and European steel assets with those of Thyssenkrupp. After the announcement of the pension deal Thyssenkrupp's shares jumped 3 percent to a two-month high on Wednesday.But the framework deal would still ...

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First Published: Wed, May 17 2017. 23:26 IST