FRANKFURT — Shareholders in Volkswagen, Europe’s largest carmaker, on Thursday authorized a deal to settle claims towards 4 former executives, together with longtime CEO Martin Winterkorn, associated to the corporate’s emissions scandal.

The preliminary deal, which was introduced final month and which can see Volkswagen obtain 288 million euros ($339 million) in compensation, required shareholder approval and 99.9 p.c of traders agreed to the proposal on the group’s annual normal assembly.

Volkswagen admitted in 2015 to cheating U.S. diesel engine tests, sparking the largest enterprise disaster in its historical past.

The settlement marks a significant milestone within the carmaker’s efforts to show a web page on the scandal, which has value it greater than 32 billion euros in car refits, fines and authorized prices up to now.