Tata and German metal producer Thyssenkrupp have agreed the primary stage of a deal to merge, BBC Wales understands.
They’ve been in negotiations since final yr when Tata withdrew from a gross sales course of to promote its complete UK operations, together with Port Talbot – the most important metal works within the UK.
Tata’s £15bn pension scheme had been a serious sticking level.
However it’s understood an announcement shall be made early on Wednesday.
It follows an settlement with staff and the help of the pensions regulators, which suggests Tata not has as many pension liabilities.
That has made a deal extra possible between the 2 corporations.
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