Hedge fund Pardus has more than 5% of Valeo

PARIS (Reuters) - A hedge fund controlled by Karim Samii holds more than 5 percent in the capital of French car parts maker Valeo, the AMF French financial markets watchdog said today.

In a filing, AMF said Samii's Pardus European Special Opportunities Master Fund LP, based in New York, broke the 5 percent mark on Jan. 10 when it owned 4 million Valeo shares, which is 5.16 percent of the capital and 5.07 percent of the voting rights.

AMF said Pardus acquired a further 50,000 shares on Jan. 11.

Samii created the Pardus hedge fund in 2005.

Valeo will publish its 2006 results on Feb. 13.

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