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Berkshire Hathaway increases stakes in Japanese trading houses, FT says

Berkshire Hathaway increases stakes in Japanese trading houses, FT says

Warren Buffett’s Berkshire Hathaway (BRK.B) (BRK.A) has increased its shareholdings in Japan’s five largest trading houses after negotiations to remove a 10% ceiling for its investment in the businesses, Harry Dempsey of The Financial Times reports. Its stake in Mitsubishi Corporation (MUFG) was raised from 8.31 per cent to 9.67 per cent, and in Mitsui (MITSY) from 8.09 per cent to 9.82 per cent, according to the Times, citing filings with Japan’s securities regulator. The company also lifted its stake in Itochu (ITOCY), Marubeni (MARUY) and Sumitomo (SMFG) by about 1%.

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