Porsche plans to buy 1.5% of Volkswagen’s ordinary shares from Suzuki Motors as part of the unwinding of the failed partnership between the two groups. After the acquisition, Porsche will own 52.2% of Volkswagen AG’s ordinary shares while its share of VW’s subscribed capital will rise to 32.4%.

In a statement, Porsche said the purchase reflected its strong commitment to its core investment and confirmed its role as an anchor shareholder in Volkswagen.

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