Key Developments: Valeo SA (VLEEF.PK)

VLEEF.PK on OTC Markets Group

139.00USD
5 Jun 2014
Price Change (% chg)

$4.05 (+3.00%)
Prev Close
$134.95
Open
$138.50
Day's High
$139.00
Day's Low
$138.50
Volume
300
Avg. Vol
136
52-wk High
$144.00
52-wk Low
$68.00

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Latest Key Developments (Source: Significant Developments)

Safran SA's Sagem, Valeo and ULIS selected for AWARE project (All Weather All Roads Enhanced vision)
Wednesday, 18 Jun 2014 08:00pm EDT 

Safran SA:Says its subsidiary Sagem Valeo and Ulis, a subsidiary of Sofradir, were selected as part of the 17th call for projects to be financed by the French competitiveness, industry and services directorate (DGCIS).Joint R&D work by Sagem and Valeo for this project will exploit technologies designed for dual (civil/military) applications.Project aims to develop low-cost, all-weather camera that will allow safe automated driving of automobiles, combat vehicles, robots and drones.  Full Article

Valeo replaces Vallourec on CAC 40 index-Reuters
Wednesday, 4 Jun 2014 08:00pm EDT 

Valeo SA:Valeo to replace Vallourec on CAC 40 index-Reuters.Vallourec will enter CAC Next 20 index.Decisions will take effect from June 23.  Full Article

Valeo SA shares rise sharply following FY 2013 results-DJ
Friday, 21 Feb 2014 05:00am EST 

Valeo SA:Valeo share rise sharply on Feb. 21 following the publication of its FY 2013 results-DJ.  Full Article

Valeo SA proposes FY 2013 dividend; sells stake in Indian access mechanisms business
Thursday, 20 Feb 2014 12:19pm EST 

Valeo SA:Proposes FY 2013 dividend of 1.70 euro per share, up 13 percent.Says it sold its 50 percent stake in its Indian access mechanisms joint venture to Minda Capital Ltd on Feb. 18.Says on April 23, 2013 Standard & Poor's confirmed its long-term debt rating at BBB with stable outlook and confirmed short term debt rating at A-2.Says on Jan. 2 Moody's confirmed its long-term debt rating at Baa3 with stable outlook and confirmed short term debt rating at Prime-3.  Full Article

U-Shin Ltd cancels acquisition of stake in Minda Valeo Security Systems Private Limited from Valeo SA
Thursday, 30 Jan 2014 01:00am EST 

Valeo SA:U-Shin Ltd has canceled the acquisition of 50 pct stake in Minda Valeo Security Systems Private Limited from Valeo SA and will pay 9 million euros for settlement.Minda Valeo Security Systems Private Limited is a 50:50 joint venture between Valeo and Minda Capital Limited.  Full Article

Valeo SA completes acquisition of Osrams stake in Valeo Sylvania
Wednesday, 22 Jan 2014 02:15am EST 

Valeo SA:Says it completed the acquisition of Osram's 50 percent stake in Valeo Sylvania on Jan. 21.Says it now holds 100 percent of Valeo Sylvania's share capital.  Full Article

Valeo SA completes 700 mln euros bond issue
Wednesday, 15 Jan 2014 11:45am EST 

Valeo SA:Announces the private placement of the new bonds worth in total 700 million euros.Says bonds will mature in 2024 and bear a 3.25 percent coupon.Says BNP Paribas, Citi, Mizuho, Natixis and Societe Generale acted as Joint Bookrunners for the issuance.Says it was advised by Ondra Partners for the issuance.  Full Article

Valeo SA repurchases Osram's stake in Valeo Sylvania
Monday, 6 Jan 2014 02:24am EST 

Valeo SA:Repurchases from Osram GmbH its stake in the two companies' joint North America company Valeo Sylvania LLC for $104 million to become its only shareholder.Says the acquisitions shall be accomplished in January.  Full Article

Valeo SA Announces Acquisition of Eltek Electric Vehicles
Monday, 30 Sep 2013 11:52am EDT 

Valeo SA announced the acquisition of Eltek Electric Vehicles, a Norwegian company specialized in design, development, manufacturing, assemblage and worldwide commercialization of on-board vehicle battery chargers for touristic and utility vehicles. Financial terms were not disclosed.  Full Article

Valeo SA's Valeo Japan Co. Ltd Signs USD 13.6 Million Settlement Agreement with U.S. Department of Justice due to Anti-competitive Activities
Thursday, 26 Sep 2013 12:11pm EDT 

Valeo SA announced that its subsidiary Valeo Japan Co. Ltd (Valeo Japan) has signed a settlement agreement with U.S. Department of Justice (DoJ) in which it recognizes that it participated in certain anti-competitive activities contrary to U.S. Law. The agreement is a result of the investigation carried out by DoJ. Valeo Japan agreed to pay the fine of USD 13.6 million  Full Article

Euronext adds Valeo to CAC 40, removes Vallourec

PARIS, June 5 - French auto parts maker Valeo will be added to the CAC 40 index while pipe and tube maker Vallourec will be removed, the Expert Indices Committee of Euronext, a subsidiary of Intercontinental Exchange, said on Thursday.

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