Valeo denies having made an offer for South Korea's Hanon Systems

Hanon Systems

23/06/2021 08:47

SEOUL, June 23 (Reuters) - French car parts maker Valeo
 VLOF.PA  denied having made an offer for a majority stake in
South Korean competitor Hanon Systems  018880.KS , a
spokesperson for the company said on Wednesday.
    South Korean media had reported on Tuesday that Valeo, as
well as another auto supplier Mahle and private equity firms
Carlyle Group  CG.O  and Bain Capital, had entered non-binding
bids to buy a stake in Hanon worth 6.6 trillion won ($5.81
billion).  L2N2O505Y 
    ($1 = 1,136.8500 won)

 (Reporting by Gilles Guillaume; Writing by Benoit Van
Overstraeten; Editing by Sudip Kar-Gupta)
 ((benoit.vanoverstraeten@thomsonreuters.com; +33149495339;))