Valeo says open to talks with Pardus on board


PARIS, April 25 (Reuters) - French car parts group Valeo views a request for board representation from its biggest shareholder, investment fund Pardus, as "excessive" but is open for discussion, its chairman said on Wednesday. "We are open to discussions but any board representation for Pardus should honour certain conditions -- it should be proportional to their stake, there should be no conflict of interest and it should not constitute a creeping takeover," Valeo Chairman and Chief ...

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