The Traderszone Network

Published in TZ Latest News 29 August, 2015 by The TZ Newswire Staff

Suzuki Motor says it will buy back VW stake as court settles feud

Japan’s Suzuki Motor Corp said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership. Suzuki filed for international arbitration in November 2011, after Volkswagen (VOWG_p.DE) refused to sell back the shares in Suzuki it acquired in January 2010 for 1.7 billion euros ($1.90 billion).

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