UPDATE 2-Apollo weighs Valeo bid as Pardus ups stake-source

Newswire

(Rewrites with source confirming Apollo interest) PARIS, March 22 (Reuters) - U.S.-based investment fund Apollo is considering making a bid for French car-parts group Valeo , a banking source close to the matter said on Thursday, confirming a French newspaper report. Valeo is under pressure from a large stakeholder, Pardus, to make a bid for Visteon Corp of the United States. The Valeo supervisory board held a scheduled meeting on Thursday. Pardus said it had raised its stake in Valeo ...

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