Berkshire Hathaway, through its wholly-owned unit National Indemnity Company, has raised its stake in Japan’s Mitsubishi Corp and Mitsui & Co, the companies said today.
Berkshire raised its stake in Mitsubishi to 10.23% from 9.74% previously, the company said in a market disclosure. A Mitsui official confirmed Berkshire had raised its stake, but declined to give a percentage.
Its prior stake in Mitsui was 9.82%.
Berkshire previously raised its holdings in five Japanese trading houses, including Mitsubishi and Mitsui, in March.
Shares in Mitsubishi rose 1.85% and Mitsui was up 1.23% today, while the benchmark Nikkei index gained 0.73%.
Reporting by Reuters
