Suzuki Motor Corp. confirmed that Volkswagen AG has sold back all the shares it held in the Japanese carmaker for ¥460.3 billion, closing the final chapter of an acrimonious partnership.
Suzuki repurchased all 111.6 million shares held by its German peer, according to a Tokyo Stock Exchange filing. An international arbitration court last month upheld Suzuki’s request to sever their ties and force Volkswagen to sell its 19.9 percent stake.
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