France's strategic fund to take Valeo stake-sources

Newswire

PARIS, Feb 24 (Reuters) - The French government's strategic investment fund plans to take a minority stake in car parts supplier Valeo , two sources familiar with the matter told Reuters on Tuesday. The move will be announced tomorrow, the sources said. Valeo earlier this month posted a bigger-than-expected full-year net loss and a 9 percent drop in sales, scrapped its dividend for last year and said it did not see the crisis hitting the auto industry ending before 2011. Spokesmen for ...

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