Volkswagen to buy up to 20% in Suzuki
By Reuters
Volkswagen AG is close to announcing plans to take a stake of up to 20 per cent in Japan's Suzuki Motor Corp, three sources with direct knowledge of the negotiations said on Tuesday.
One of the sources, who asked not to be identified because the information is not public, said Volkswagen's stake could "easily" rise to a controlling stake of more than one-third down the line.
"An announcement could come as early as this week," the source said. "This is the first step."
A 20 per cent stake in Suzuki would be worth about 250 billion yen ($2.8 billion) at current prices.
Spokesmen at Volkswagen and Suzuki had no comment.
Ref: http://in.biz.yahoo.com/091209/50/bauq72.html
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