UPDATE 3-Valeo to explore fund interest in firm

Newswire

(Updates with Valeo statement, board move, adds background) By Marcel Michelson PARIS, March 22 (Reuters) - French car parts group Valeo said on Thursday an investment fund had expressed interest in the company and the board would consider the offer. A spokeswoman declined comment on the name of the fund. Earlier on Thursday, a banking source said Apollo Investment Corp. was weighing a possible bid for Valeo, while hedge fund Pardus had raised its stake in the company. In a brief ...

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