U.S. fund Apollo may bid for Valeo -report

Newswire

PARIS, March 22 (Reuters) - U.S. investment fund Apollo is examining making a possible bid for French car parts company Valeo , French paper Les Echos reported on Thursday. Les Echos cited several unnamed sources for its report and added that investment banks Lazard and Merrill Lynch were advising Apollo over Valeo. A Valeo spokeswoman declined comment. Valeo is worth 3.2 billion euros at its closing market capitalisation on Wednesday. Its shares closed at 41.65 euros. Earlier this ...

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