4 weeks Berkshire takes stakes in Japan trading firms Manilatimes |Biz
TOKYO: Warren Buffett’s Berkshire Hathaway has acquired five percent stakes in five leading Japanese trading companies, it said in a statement on Monday. The stakes are valued at more than $6 billion according to Bloomberg News, and were acquired over approximately a year through regular purchases on the Tokyo Stock Exchange, Berkshire said. The stakes are in Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. and Sumitomo Corp., and Berkshire said it plans to “hold its Japanese investments for the long term.” Berkshire said it could increase its holdings up to 9.9 percent in any of the five firms, ... more