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Paris, March 11, 2014 - Valeo takes note of the decision of Bpifrance Participations (ex-FSI) to sell part of its investment in Valeo and Valeo CEO Jacques Aschenbroich made the following comment:
"I am grateful to Bpifrance Participations for having taken a stake in our capital, at a key moment in Valeo's history, in the midst of the crisis in 2009, when Valeo was threatened, following a difficult decade, with significant losses and a very weak shareholder base.
The sale of part of Bpifrance Participations' shareholding in Valeo comes at a time when Valeo has returned to growth and to profit, as our good 2013 financial results have shown once again.
Our customers' trust in our innovations linked to CO2 emissions reduction and intuitive driving, the very high level of our order book, and our solid growth in Europe, North America, and Asia and the emerging countries, will enable us to face the future with confidence and serenity."
Valeo is an independent industrial Group fully focused on the design, production and sale of components, integrated systems and modules for the automotive industry, mainly for CO2 emissions reduction and intuitive driving. Valeo ranks among the world's top automotive suppliers. The Group has 124 plants, 16 Research centers, 35 Development centers and 12 distribution platforms, and employs 74,800 people in 29 countries worldwide. In 2013, Valeo generated revenue of €12.1 billion and invested €1 billion in research and development.
For more information about the Valeo Group and its businesses, please visit www.valeo.com.
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Media Relations
Phone: +33 (0)1 40 55 21 75 / 37 18
press-contact.mailbox@valeo.com
