Valeo agrees with Pardus on board representation

Newswire

PARIS, May 22 (Reuters) - French car parts maker Valeo on Thursday said it would ask shareholders to appoint a representative of major shareholder Pardus Capital Management at its supervisory board. "The board of directors has decided to propose the appointment of Behdad Alizadeh to stand for election as a director of Valeo at the shareholders meeting to be held on June 20, 2008, pursuant to the terms of the agreement between the Pardus investment fund and Valeo," Valeo said in a ...

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