12/09/2011: Suzuki Motor aims to buy back 19.9% stake held by Volkswagen

Suzuki Motor aims to buy back the 19.9% stake held by Volkswagen, reported the Nihon Keizai Shimbun.

The report cited Suzuki Motor chairman/CEO Osamu Suzuki, who said during a press conference today announcing the company’s decision to terminate its business/capital tie-up with Volkswagen that the Japanese company aims to buy back the shares held by Volkswagen. Volkswagen currently holds a 19.9% stake in Suzuki Motor, the report noted.

Suzuki Motor has a market capitalization of JPY 832.594bn (USD 10.8bn).