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Valeo Ends the Process of Examining the Indications of Interest From Investment Funds
PARIS, July 2 /PRNewswire/ -- In line with the timetable given in its press release of 15
May 2007, Valeo (OTC: VLEEY) indicates that the process of examining the
indications of interest received from investment funds has been completed
without an acceptable offer being made within the defined timeframe.
In line with the wishes of its shareholders, as widely expressed during
the Annual General Shareholders' Meeting of 21 May, Valeo will concentrate on
its strategy of value creation. This strategy is based on innovation and the
focusing of the product portfolio on the three Domains of Driving Assistance,
Powertrain Efficiency and Comfort Enhancement through targeted divestitures
and acquisitions.
Valeo has objectives for 2010 of a 6% operating margin and the doubling
of its return on capital. Achievement of these objectives is dependent on
more sustained organic growth from 2008, the reengineering of the Group's
functions and the absorption of charges related to raw materials.
Valeo is an independent industrial group dedicated to the design,
production and sale of components, integrated systems and modules for cars
and trucks. It is one of the world's leading automotive suppliers. The Group
has 131 production sites, 68 R&D centers, 9 distribution platforms, and
employs 71,100 people in 29 countries worldwide.
For more information about the Group and its activities,
please visit our web site www.valeo.com
For additional information, please contact:
Kate Philipps
Communications Director
Tel: +33-1-40-55-20-65
Rémy Dumoulin
Investor Relations
Tel: +33-1-40-55-29-30
