Pardus calls for Valeo strategic review

Newswire

PARIS, May 21 (Reuters) - The principal of Pardus hedge fund, Karim Samii, said on Monday that he did not aim to replace the Valeo management but asked that it work in the interest of the shareholders. Pardus asked for two of its representatives to be nominated on the board as well as six independent members put forward by the fund. Samii said that Valeo could play a big role in the consolidation of the car parts industry and its share price could reach 60 euros in the next few years. ...

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