UPDATE 1-Pardus ups Valeo stake above 15 percent

Newswire

(Adds Valeo no comment, details) PARIS, May 29 (Reuters) - Pardus has raised its stake in Europe's biggest listed car-parts maker, Valeo , to over 15 percent, the U.S. investment fund said on Tuesday, after it failed to get board seats at a shareholder meeting on May 21. It said it held 11.7 million shares and was a long-term shareholder, committed to Valeo and its future. A Valeo spokeswoman had no comment. Pardus last unveiled a stake of 14.2 percent. After the shareholders' ...

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