Suzuki to Sell Its 1.5% Stake in Volkswagen

September 26, 2015 10:58 AM

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Suzuki to Sell Its 1.5% Stake in Volkswagen

Porsche Automobil Holding SE, the German auto maker’s biggest shareholder, will take Suzuki’s stake

Suzuki, which holds the stake in Volkswagen as a part of a failed partnership with the German auto maker, will transfer the shares to Porsche SE on Wednesday, the Japanese auto maker said in a statement. As a result of the sales, Suzuki will post ¥36.7 billion (US$304 million) in special profit, it ...

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