MILAN — Italian auto maker Fiat Auto SpA has sold the electronic systems activities of its Magneti Marelli SpA components arm for a profit of E70 million ($63 million) to financial group Mekfin. The Turin-based auto maker will take about a 33% stake in a new company Mekfin will set up for the purchase. The stake will cost about E30 million ($27 million), Fiat says, adding it will have a put option on the stake, which it could exercise after 2006.

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