Private fund FSP takes stake in French car parts maker Valeo
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PARIS (Reuters) - French mutual fund Fonds Strategique de Participations (FSP), which is backed by insurance companies, has built a 4% stake in car equipment maker Valeo as part of a wider plan to support companies through the coronavirus crisis.Created by a group of insurers including BNP Paribas Cardif, FSP has holdings in other firms like satellite maker Eutelsat and says it is a long-term investor rather than a fund to assist companies with liquidity problems.FSP said that had been..