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Salma Hayek Denies Plans for $2 Million Wedding

04/15/2009 at 04:55 PM EDT

Salma Hayek Denies Plans for $2 Million Wedding
Salma Hayek
Dominique Charriau/WireImage

Salma Hayek

Salma Hayek

Salma Hayek won't be having an extravagant, multi-million dollar wedding bash anytime soon – or ever.

The actress, who quietly wed Francois-Henri Pinault at City Hall in Paris on Valentine's Day, is debunking reports that she's planning a lavish follow-up ceremony and reception at the end of April.

"I think a wedding is about love, friends, family and fun," Hayek, 42, tells PEOPLE exclusively. "I think spending millions of dollars on a wedding is ridiculous and it has never been my dream. I would never do that."

The actress-producer and Pinault, 46, the CEO of luxury-goods company PPR welcomed daughter Valentina Paloma in September 2007.

Reporting by JULIE JORDAN

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