Aurora, Ontario

Korean Hanon Systems Buys the Magna Powertrain Plant in Plovdiv as Part of Huge Deal

South Korean Hanon Systems will acquire car components maker Magna Powertrain Plovdiv. The Bulgarian company is sold under a deal for 10 factories of Canadian Magna International, totaling 1.23 billion dollars, reported Capital. The sale is expected to be completed in the first quarter of 2019, after obtaining the necessary regulatory approvals.