Wednesday , November 13 2019
Home / morocco / VALEO: Bpifrance becomes shareholder again

VALEO: Bpifrance becomes shareholder again

Bpifrance exceeded the limit of 5% of Valeo's capital after the acquisition of shares in the market. The beneficiary guarantees the return of the public investment bank as a long-term shareholder, eager to accompany it in a sustainable manner in implementing its strategy.

According to Valeo, Bpifrance's investment reflects its confidence in the relevance of its strategy and growth potential. This will strengthen Valeo's position as one of the leading companies in the three technological developments in the automotive industry, namely, electrification, stand-alone cars and digital mobility.

In this context, Valeo's Board of Directors will support the appointment in the coming weeks of a person chosen jointly with Valeo to represent Bpifrance, who will sign with the Board.

Valeo CEO Jacques Aschenbroich said: "We are delighted to have Bpifrance again among our long-term institutional shareholders to support us in our sustainable development." The return of Bpifrance to Valeo's capital is a strong sign of solidity. our strategy focuses on innovative products in a changing automotive market. "

Copyright 2019 AOF
All rights of reproduction and representation reserved (Legal notice)

Source link