Spyker CEO and co-founder Victor Muller has reduced his stake in the luxury car-maker from 14.8% to 8.8% reports ANP news service on Monday.

Muller returned to lead the company last week after stepping down earlier this year following on-going speculation about the firm’s poor financial position, says ANP.
Spyker announced last week that the Lithuanian bank Snoras has given the company a considerable capital injection allowing it to pay off its debts. In return Snoras now owns almost 30% of Spyker.