Goldman Sachs exceeds the threshold of 5% of Valeo's capital

Goldman Sachs Group, Inc. announced that it has crossed the 5% threshold in Valeo's capital. This crossing occurred on October 13, 2025, driven by the indirect acquisition of shares through companies it controls. In total, Goldman Sachs holds 12,423,987 Valeo shares, representing 5.08% of the capital and 4.52% of the voting rights.

The majority of the shares held are the result of complex transactions, such as securities lending and various financial contracts including options and swaps. These maneuvers highlight the use of sophisticated financial instruments to strengthen their position in Valeo.

The transactions include call and put options, as well as swaps, exercised on dates up to 2035. This investment strategy demonstrates Goldman Sachs' ability to influence companies in an indirect but significant way.