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Business deals

Calsonic lines up key public-private funding for $7bn Magneti deal

Mizuho and Development Bank of Japan's purchase of preferred shares spurs lending

Calsonic Kansei has expertise in electronic parts for self-driving systems, such as cockpit modules. (Photo courtesy of Calsonic Kansei)

TOKYO -- Mizuho Bank and the Development Bank of Japan each will purchase about 35 billion yen ($314 million) of preferred stock in the parent of Japanese auto parts maker Calsonic Kansei, Nikkei has learned, facilitating additional financing for the company's acquisition of an Italian supplier.

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