VW to sell back Suzuki stake as their tie-up ends
Add BT as a preferred source
Tokyo
VOLKSWAGEN AG (VW) will sell a Suzuki Motor Corp stake valued at about 463 billion yen (S$5.36 billion) back to the Japanese carmaker following a decision from arbitrators that ended a four-year dispute over a failed partnership.
VW will sell its 19.9 per cent holding to Suzuki after the arbitrators upheld the Japanese carmaker's request to end the cooperation, the companies said in separate statements on Sunday.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Power of payouts: A big chunk of the STI has just gone ex-dividend. What’s next?
