Pardus ups Valeo stake to over 18 percent

Newswire

PARIS, July 31 (Reuters) - U.S. investment fund Pardus has increased its stake in French car parts group Valeo to over 18 percent and holds 14.3 million shares, a spokesman for the fund said on Tuesday. Pardus Capital Management was already the largest investor in Valeo, with over 15 percent in June, and staged a failed attempt at the company's annual shareholders' meeting in May to obtain seats on the supervisory board. Pardus principal Karim Samii and Valeo chairman and chief executive ...

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