Suzuki says to sell $263 mln worth of own shares

Newswire

TOKYO, Jan 30 (Reuters) - Suzuki Motor Corp. said on Tuesday it will sell 9.59 million of its own shares, or 32 billion yen ($263 million) worth, to Nippon Steel Corp. and four other companies to strengthen its ties with them. It said it will sell the shares at 3,338 yen each, a 3.5 percent discount to Suzuki's closing share price on Tuesday.

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