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German Economy Minister says PSA's job guarantees for Opel a 'good result'

Reuters

BERLIN (Reuters) - German Economy Minister Brigitte Zypries said on Tuesday that PSA Group's (PEUP.PA) guarantee to safeguard jobs at Opel factories if it buys the European arm of General Motors (GM.N) was a "good result".

PSA Group's chief executive gave guarantees to Germany's Angela Merkel in a phone call that Opel would remain independent in a merged company with PSA and also gave jobs and investment assurances, the chancellor's spokesman said on Tuesday.

(Reporting by Gernot Heller; Writing by Michelle Martin; Editing by Michael Nienaber)