Valeo investor Harris says ‘fully supportive’ of management

The logo of Valeo is pictured during the Viva Tech start-up and technology summit in Paris
FILE PHOTO: The logo of Valeo is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. REUTERS/Charles Platiau

March 28, 2019

By Laurence Frost and Gilles Guillaume

PARIS (Reuters) – U.S. investor Harris Associates supports the management of auto parts maker Valeo, Chief Investment Officer David Herro said on Thursday, after the French government more than doubled its stake in the company to 5.12 percent.

“As long-term value investors we are fully supportive of the company and its management,” Herro said in an emailed response to Reuters. New York-based Harris owns 6.37 percent of Valeo.

(Reporting by Laurence Frost and Gilles Guillaume; editing by Richard Lough)

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