VW To Buy Stake In Suzuki For $2.5B

Law360, New York (December 9, 2009, 2:35 PM EST) -- Volkswagen AG said Wednesday it had brokered a deal with Suzuki Motor Corp. that will see the German automaker shell out $2.5 billion to acquire a stake in the Japanese company.

Under the terms of the deal, Volkswagen -– Europe's biggest automobile manufacturer -– will purchase 19.9 percent of Tokyo-based Suzuki’s issued shares.

With the agreement, the two companies said they hoped to establish a long-term strategic partnership that will help advance their global presence and product diversity.

In terms of product portfolio, global distribution and...
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