General Motors Corp. has notified Suzuki Motor Corp. it plans to sell off its Suzuki shares as part of its restructuring efforts, a move that could result in the dissolution of a 25-year capital tieup between the two firms, sources said Sunday.
GM is Suzuki’s top shareholder with a 20 percent stake. The market value of the shares GM holds is about 270 billion yen, and Suzuki will consider buying the shares itself, according to the sources.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.