UPDATE 3-French state's strategic fund buys Valeo stake

Newswire

* Fund and CDC have 8.33 pct stake * CDC bought 2.35 pct stake on market for 19 mln euros * Shares up 4.7 pct (Adds comment, details, opening share price) PARIS, Feb 25 (Reuters) - A fund created by French president Nicolas Sarkozy to come to the rescue of companies hit by the credit crisis unveiled its first investment on Wednesday, saying it had bought 2.35 pct of car parts maker Valeo for 19 mln euros. The purchase by France's strategic investment fund (FSI) in the open market ...

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