Economy, Auto
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Suzuki Sells 1.5% VW Stake

Suzuki Sells 1.5% VW Stake Suzuki Sells 1.5% VW Stake

Suzuki Motor Corp said it has sold its entire 1.5% stake in Volkswagen AG to Porsche Automobil Holding SE and will post a special profit of 36.7 billion yen ($304 million) on the transaction. According to Reuters, the Japanese automaker said on Saturday it had sold 4,397,000 Volkswagen shares and that they would be transferred on Sept. 30.

 

Financialtribune.com