ThyssenKrupp applies for EU extension on Tata Steel merger talks

German steel giant ThyssenKrupp on Wednesday said that it has applied for an eight-day extension to complete ongoing negotiations with the European Commission over its planned merger with Tata Steel.

The Commission had opened an "in-depth" investigation into the proposed merger in October last year and noted its concerns that the deal between the two steel majors may reduce competition in the supply of various high-end steels.

"We have agreed to apply for an extension by 8 working days as part of the constructive dialogue with the Commission," a ThyssenKrupp spokesperson told

Add Zee Business as a Preferred Source

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)