Valeo says investment fund interested in firm

Newswire

PARIS, March 22 (Reuters) - French car parts group Valeo said on Thursday it had received an indication of interest from an investment fund for the company's capital and added the board would consider this offer. A spokeswoman for Valeo declined to comment on the identity of the fund. Earlier on Thursday, a banking source said Apollo Investment Corp was weighing a possible bid for Valeo while hedge fund Pardus raised its stake in Valeo to 12.25 percent.

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