Suzuki: plans to buy back shares held by Volkswagen

Newswire

TOKYO, Nov 18 (Reuters) - Suzuki Motor Corp said on Friday it plans to buy back up to 20 percent of its own shares by Nov. 16 next year, contingent on Volkswagen releasing them. If Volkswagen does not release the shares to Suzuki or to a third party specified by Suzuki, the Japanese carmaker said it will seek mediation. (Reporting by Mayumi Negishi)

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