Pardus says can raise Valeo stake to over 20 pct

Newswire

PARIS, May 21 (Reuters) - U.S. investment fund Pardus said on Monday it could now raise its stake in French car parts maker Valeo to more than 20 percent. "The management of Valeo now has one year to deliver on their strategy," Pardus principal Karim Samii told reporters after Valeo's annual general meeting. "If Valeo is still in the same soup next year they will face a different shareholder reaction," Samii, saying "soup" was a 3 percent marrgin and a share price of 40 euros. Samii said ...

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