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Theresa May to meet PSA chief

Feb. 20, 2017 3:18 AM ETPeugeot S.A. (PEUGF) StockGM, PEUGF, PUGOY, PUGOFBy: Yoel Minkoff, SA News Editor
  • Theresa May is set to meet with the CEO of the PSA Group (OTCPK:PEUGF) to discuss its planned takeover of GM's European operations, including Opel and Vauxhall.
  • Both the U.K. and Germany are concerned the deal could result in substantial job losses.
  • The British Prime Minister is expected to push for guarantees that PSA will safeguard existing plants, echoing demands already made by Angela Merkel.

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