Investor Wyser-Pratte has 3 pct of Valeo - paper

Newswire

FRANKFURT, Jan 25 (Reuters) - A consortium led by U.S. investor Guy Wyser-Pratte has built a 3 percent stake worth around 85 million euros in French automotive supplier Valeo , Germany's Handelsblatt newspaper reported on Thursday. The group, which includes British hedge fund Cycladic and Canadian businessman Douglas Bergeron, intends to shift Valeo's strategic focus and prevent it from following through on planned U.S. acquisitions, the paper said. The paper said Wyser-Pratte had ...

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