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)