Suzuki buys back €3.15bn of its shares

Suzuki has bought back a stake in the company from Volkswagen for 428.9bn yen (€3.15bn).

Japan's fourth-largest carmaker has re-taken control of 111 million shares.

In 2010, Volkswagen acquired the 19.9% stake in Suzuki for around €1.7bn.

The London Court of International Arbitration ordered Volkswagen to sell its holding in Suzuki last month, bringing an end to an arbitration process that began in November 2011 after the tie-up failed to yield the results both companies had hoped for.