Pardus may seek one Valeo board seat - Les Echos

Newswire

PARIS, May 21 (Reuters) - U.S. fund Pardus may seek one board seat at Valeo , the French car parts maker in which Pardus has built up a major stake and which Pardus has criticised over its strategy, Les Echos said on Wednesday. Officials at Pardus and Valeo could not be immediately reached for comment on the situation. Pardus has a stake of roughly 20 percent in Valeo. It also has a large stake in U.S. car parts maker Visteon and in the past Pardus has campaigned for Valeo to take over ...

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