WRAPUP 1-France takes Valeo stake, tightens grip on bank

Newswire

* France takes stake in car parts maker Valeo * Govt wants to appoint representatives to board of bank * Germany says state is not the best entrepreneur By Matthias Blamont PARIS, Feb 25 (Reuters) - The French state took a stake in troubled car parts maker Valeo and said it wanted to put its officials on the board of a newly merged bank on Wednesday in its latest efforts to help domestic companies survive the financial crisis. President Nicolas Sarkozy has been active in defending ...

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