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Thyssenkrupp won't rush into Tata Steel merger -CFO

Reuters - UK Focus

FRANKFURT, Aug 10 (Reuters) - Thyssenkrupp (IOB: 0O1C.IL - news) will carefully evaluate any potential pension deal by Tata Steel (BSE: TATASTEEL.BO - news) before advancing with a hoped-for merger of both groups' European steel businesses, the German company's finance chief said on Thursday.

"If you read that Tata has a deal, that doesn't mean we can stand up a week later and say: Now (Frankfurt: 11N.F - news) we have a joint venture," Guido Kerkhoff told journalists after presenting third-quarter results.

"Quality comes before time."

Britain's Sky News reported on Wednesday that Tata Steel was on the brink of detaching its 15 billion-pound ($19.45 billion) British Steel pension fund from its UK operations, a precondition for any merger deal with Thyssenkrupp to happen.

($1 = 0.7714 pounds) (Reporting by Christoph Steitz and Georgina Prodhan; Editing by Maria Sheahan)