The French government’s Strategic Investment Fund (FSI) may increase its stake in Valeo if Pardus Capital Management or another major stockholder were to sell their shares.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The fund’s CEO Gilles Michel told an automotive forum in Paris that whenever a block of shares is put up for sale in a way that alters a company’s capital structure, it would take an interest.


FSI raised its stake in Valeo to 8.33% in February and said a further increase was possible. Last year New York-based Pardus won a Valeo board seat, the culmination of a two-year standoff with management following a Pardus proposal for a tie- up with Visteon.


The EUR20bn (US$28bn) FSI is 51% owned by state lender Caisse des Depots et Consignations and 49% by the government.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now