Volkswagen AG will sell a Suzuki Motor Corp. stake valued at about ¥463 billion ($3.8 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 percent holding to Suzuki after the arbitrators upheld the Japanese automaker's request to end the cooperation, the companies said in separate statements on Sunday.
The value of the stake, which VW bought from Suzuki in 2010 for ¥222.5 billion, is based on Friday's closing price.