Press Releases

 Agreement for the partial management of the share buy-back program

Paris, France, September 6, 2007 - Valeo has requested the assistance of an Investment Services Provider in order to achieve certain objectives of its Share Buy-back Program, as authorized by the Combined Annual General Shareholders' Meeting of May 21, 2007.

According to the terms of the Contract signed on August 31, 2007, the Investment Services Provider will sell to Valeo, who undertakes to acquire them at term, a certain quantity of Valeo shares within the limit of 17 million euros and 700,000 shares, at an average price determined in an objective and independent manner by the market during the full term of the Contract and which may not in any case exceed the maximum purchase price set by the Combined Annual General Shareholders' Meeting of May 21, 2007. All these shares will be allocated to cover the implementation of any stock option purchase plan, the allotment of shares to employees in respect of their participation in the proceeds of the company's expansion and the implementation of any company savings plan.


Valeo is an independent industrial group dedicated to the design, production and sale of components, integrated systems and modules for cars and trucks. It is one of the world's leading automotive suppliers. The Group has 133 production sites, 67 R&D centers, 9 distribution platforms, and employs 72,300 people in 29 countries.



For further information, please contact:
Rémy Dumoulin
Investor Relations
Tel: +33 1.40.55.29.30

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