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BRIEF-Magna strengthens position in automotive pumps through two acquisitions

Monday, 1 Oct 2012 | 6:09 AM ET

Oct 1 (Reuters) - Magna International Inc :

* Strengthens position in automotive pumps through two acquisitions

* Says purchase price payable for 100% of the outstanding shares of ixetic, is

approximately EUR308 million

* To acquire ixetic verwaltungs gmbh

* Agreement with its jv partner to purchase the remaining 50% interest in stt

technologies inc

* Says ixetic had full year 2011 total sales of approximately EUR300 million

((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))

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