George S. May Business Blog

Volkswagen AG likely to take a 20 percent stake in Suzuki Motor Corp.

Reports are that Volkswagen AG will be announcing its plans to snatch up a 20 percent stake in Japan’s Suzuki Motor Corp. Reuters has issued the report saying that three sources with direct knowledge of the negotiations have confirmed so and that one who had asked not to be identified said “an announcement could come as early as this week” and that “this is the first step”.According to Reuters, a 20 percent stake in Suzuki would be worth about 250 billion yen ($2.8 billion) at current prices.

Spokesmen at Volkswagen and Suzuki had no comment.

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