By Nathan Allen

Tata Steel Ltd. (500470.BY) said Wednesday that it will continue to pursue a merger of its European business with Thyssenkrupp AG's (TKA.XE) Steel Europe division after the European Commission opened an in-depth investigation into the deal, citing competition concerns.

The Indian group said it had noted the commission's concerns and will continue its discussions with the regulator, pledging to provide further information and analysis of the merger.

Tata said it continues to believe in the "strong industrial logic and rationale for the proposed joint venture," which would create Europe's second-largest steelmaker in terms of revenue.

The commission on Tuesday said the deal could reduce competition for automotive grades, certain coated steels and electrical steel used in engineering products.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

October 31, 2018 05:11 ET (09:11 GMT)

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