By Nick Kostov

PARIS--French Finance Minister Michel Sapin and German Economy Minister Brigitte Zypries appear to be warming to the idea of Franco-German auto champion.

In a joint statement on Thursday, the ministers said that Peugeot's proposed acquisition of German car maker Opel could improve competitiveness at both companies and help to boost exports.

"It could help the creation of a new European actor on the world stage," they said.

Write to Nick Kostov at nick.kostov@wsj.com

(END) Dow Jones Newswires

February 23, 2017 09:37 ET (14:37 GMT)

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