UPDATE 1-Valeo says has had no approach from Blackstone

Newswire

(Adds detail, share price) PARIS, June 30 (Reuters) - Valeo has not received an approach from U.S. private equity house Blackstone, the French car part maker said on Thursday. The company confirmed Chief Executive Thierry Morin told Morgan Stanley's European Auto Conference on Wednesday that no approach had been made, following persistent press rumours that Blackstone was preparing a leveraged buyout. By 0725 GMT Valeo shares were down 1.25 percent at 36.37 euros, after gaining as much ...

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