Porsche Automobil Holding SE has acquired 1.5 percent of Volkswagen AG's ordinary shares from Suzuki.

Porsche Automobil Holding SE has acquired 1.5 percent of Volkswagen AG's ordinary shares from Suzuki.

The terms of the deal were not disclosed as it was an off-market transaction but Porsche says the purchase of 4.397 million ordinary shares shows a "strong commitment to its core investment and emphasizes its role as an anchor shareholder in the Wolfsburg-based car maker."

Porsche SE went on to say the transaction will increases their ordinary share capital of Volkswagen to 52.2 percent and the stake of subscribed capital to 32.4 percent.

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