From AFX News Limited
PARIS -- U.S. investment fund Apollo may launch a bid for French car parts maker Valeo, Les Echos reported without naming its sources.
The fund would be backed by investment banks Lazard and Merrill Lynch, according to the business daily, which added that the Valeo board was scheduled to meet Thursday.
The company refused to comment to the newspaper.
Copyright AFX News Limited 2007. All rights reserved.
