Latest News

Suzuki buys back Volkswagen stake for £2.4 billion

Suzuki have closed a four year dispute with Volkswagen by buying back VW’s stake for a reported 460 billion Yen, which converts to about £2.4 billion.

Volkswagen had a nearly 20% stake in the Japanese car manufacturer but on the 18th September, Suzuki bought back almost 120 million shares, effectively ending their partnership.
The companies originally united in 2009, but the partnership went downhill soon after when Suzuki accused VW of withholding information.

Suzuki made a statement stating there should be no reason for earnings to change, even with shares being bought back.  


No comments:

Post a Comment

MUFFLEBOX®. Powered by Blogger.