June 28, 2018 / 2:32 PM / 3 months ago

BUZZ-Magna International: Dented by acquisition of Italy's Olsa

** Auto parts supplier’s shares down 4 pct at C$77.42 ($58.40)

** Says will buy Italian private lighting devices maker Olsa SpA for 230 million euros ($266.41 million) to expand its automobile lighting business

** Olsa supplies lighting products to car makers such as Volkswagen and BMW and has operations in Italy, Poland, Brazil, China and Mexico

** Up to Wednesday’s close, stock had risen 9 pct this year ($1 = 1.3257 Canadian dollars) ($1 = 0.8633 euros) (Reporting by Karan Nagarkatti)

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