Valeo strengthens holding in Thai joint ventures

Newswire

PARIS, June 24 (Reuters) - French car-part maker Valeo said on Friday it had agreed to buy an additional 35.9 percent of the capital of joint ventures it has in Thailand in the area of climate control. Valeo said it would buy the capital in Siam Zexel and Zexel Sales Thailand, taking its ownership of the companies to 74.9 percent. It said it was acquiring a 10 percent stake previously held by Tri Petch Isuzu Sales and a 25.9 percent stake held by Siam Co. The companies form part of ...

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