Since last week the French universal bank Société Générale owns 6.91% of Valéo, the French automotive parts manufacturer. Valéo has recently been fighting off Pardus Capital Management, which wants it to change its strategy to unlock more value for shareholders. Pardus owns 15.08% of Valéo's capital. The big question now is who will Société Générale support in the next stage of the skirmish: the Valéo management team or Pardus?
UPDATE on Monday June 4 : SocGen says that this was a trading error. The bank is now back down to less than the 5% threshold of share ownership in Valéo.
- Home
- Contact Information
- The French Economy and Business Blog
- The differences Between French and American Managers
- What Makes France As A Country Different
- French Trades Unions and Works Councils
- Works Councils and Elected Union Officials
- The Make-Up of the French Works Council
- Mandatory Reporting between the Head of the Company and the Works Council
- John Gaynard's Innovation Blog
- France’s “énarques” weren’t trained to succeed in the world but in central Paris
- The Invention of France: an Anthropological and Political Atlas
- The 10 Best and 10 Worst French Universities for Three-Year Degree Programs
- The Big Problems with French Management