Valeo seeks purchases in car parts sector -report

Newswire

FRANKFURT, May 23 (Reuters) - French automotive supplier Valeo is on the lookout for takeovers in a car parts sector that needs to consolidate, Chief Executive Thierry Morin said in a newspaper interview published on Monday. "I would like it to be 50-50," he told Automotive News when asked how he saw the likely split between organic growth and growth through acquisitions in the next three or four years. He said there should be plenty of opportunities for acquisitions. "The Tier 1 ...

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