Warren Buffett’s Berkshire Hathaway mulls major new investment in Canada

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 26 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 178%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Greg Abel, who is vice-chair of Hathaway’s non-insurance operations, is a Canadian who is widely seen to be Warren Buffett’s successor in the executive suite and eventually become the company’s chair

Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on Fox Business Network's Countdown to the Closing Bell, on May 7, 2018, in Omaha, Neb.The U.S. conglomerate holding company, whose top shareholder is the 93-year-old billionaire, held its annual meeting on Saturday, live-streamed from a packed arena in Omaha, Neb.

The Oracle of Omaha heaped praised on Canada. “We do not feel uncomfortable in any way, shape or form, putting our money into Canada,” Mr. Buffett said. “It goes across many of our operating entities and then, as Warren touched on, all the businesses that we have a piece of that we’re invested in are up in Canada. So the presence is significant,” Mr. Abel said during the meeting. “We’re always looking at making incremental investments there because it’s an environment we’re very comfortable with.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Warren Buffett's billions in cash at Berkshire Hathaway is a bearish stock market signalBerkshire Hathaway cut its stake in Apple by about 13% as its cash pile hit a record high in the first quarter. A bearish signal all around?
Source: YahooFinanceCA - 🏆 47. / 63 Read more »