Valeo buys 50 pct of Korean firm Threestar

Newswire

PARIS, Dec 23 (Reuters) - French car parts maker Valeo said on Friday it had bought a 50 percent stake in Korean automotive radiator manufacturer Threestar, as part of its strategy to expand in fast-growing Asian markets. A Valeo spokesman declined to provide financial details concerning the transaction, citing a confidentiality agreement. Korean company Samsung Climate Control Group will keep a 50 percent stake in Threestar. Valeo said its partnership with Samsung would focus on ...

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