Berkshire raises stake in Japan’s Mitsubishi above 10%

The Berkshire Hathaway Inc. stock price (BRK-B) stock price on the New York Stock Exchange (NYSE) market is seen on a mobile device application in this illustration photo taken in Warsaw, Poland on 05 December, 2023.

Jaap Arriens | Nurphoto | Getty Images

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 on Thursday.

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 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% on Thursday, while the benchmark Nikkei gained 0.73%.

Source

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