Valeo says studying bid approaches

Newswire

PARIS, April 25 (Reuters) - French car parts group Valeo said on Wednesday it had received several expressions of interest by various funds and added it was studying these approaches. "I can imagine a fund taking control of the company but not taking it private due to the shareholder structure," Valeo's chairman and chief executive, Thierry Morin, told reporters. He added that Valeo's board was open to having a discussion with investment fund Pardus Capital Management. Pardus is the ...

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