France's FSP fund declares 4% stake in car parts company Valeo

PARIS (Reuters) - French mutual fund Fonds Strategique de Participations (FSP), which has built a stake of 4% in French car equipment maker Valeo , and will get a seat on its board of directors, FSP said on Wednesday."This investment was progressively built since 2019", FSP said in a statement.It did not give further details. The coronavirus crisis has hit auto firms and their suppliers hard, as production chains grind to a halt across Europe following a shutdown earlier this year in China.In a..