PARIS - Shares in French auto supplier Sommer Allibert soared last week on buyout speculation.
Rival French suppliers Faurecia or Valeo SA are considered possible bidders.
So are Lear Corp. and Delphi Automotive Systems Corp. of the United States and Magna International Inc. of Canada.
"If Sommer Allibert is for sale, we will consider it," said a Faurecia source.
Valeo, meanwhile, needs a partner to develop its cockpit business.
Sommer Allibert denies it is for sale, but industry analysts think otherwise.
"A solution is very near," said Gaetan Toulemonde, an auto analyst at Deutsche Bank in Paris.
Speculation …
No comments:
Post a Comment