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Magna International open to acquisitions
Magna International [TSE:MG; NYSE:MGA], an Aurora, Ontario-based automobile parts manufacturer, is open to acquisitions, Handelsblatt reported.
The German daily cited Magna Europe Chief, Guenther Apfalter, who said the group is looking for growth and is open to buys. Magna recently acquired a manufacturer of tail lights based in Italy, the report noted. Magna is also looking to expand co-operations with developers of battery powered electric automobiles, the report added.