Friday, January 15, 2010

Volkswagen completes Suzuki tieup

Kyodo News
Germany's Volkswagen AG became Suzuki Motor Corp.'s biggest shareholder Friday under a capital tieup accord reached last December, Suzuki said.
The major German automaker holds a 19.9 percent stake in the minicar maker, completing its payments for Suzuki's private placement of shares.
The Suzuki-Volkswagen tieup came after the Hamamatsu, Shizuoka Prefecture-based automaker ended its long capital alliance with General Motors Co.
Suzuki used shares it had bought back from GM and kept as treasury stock for the private placement.

No comments:

Post a Comment