Berkshire Hathaway Buys Stakes Valued at $6 Billion in Five Japanese Companies

Warren Buffett’s Berkshire Hathaway Inc. took stakes of slightly more than 5% in five of Japan’s most venerable corporate names with big investments in energy.

Berkshire disclosed the investments in Mitsubishi Corp., Mitsui & Co., Sumitomo Corp., Itochu Corp. and Marubeni Corp. just before the Tokyo stock market opened Monday. Shares in the five companies finished Tokyo trading up between 4.2% and 9.48%, helping the overall Nikkei Stock Average close 1.1% higher.

Berkshire didn’t say how much it spent to acquire the stakes. Based on the companies’ Friday closing prices, a 5% stake in each would collectively be valued at about $6 billion. The five are often called trading companies, but investment company might be a more precise description. All have stakes in a variety of businesses including interests in energy and mining. Mitsubishi and Itochu each control a major convenience-store chain in Japan.

There’s ole uncle Warren shopping 🛍 for good deals again.

This is the difference between an intelligent person and others

The guy is becoming richer nd richer

Share your money more man.

A rich guy getting richer, whilst closer to the grave.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Warren Buffett's Berkshire Hathaway slashes Wells Fargo stake by 43% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Way to go Warren King Genovese Jacques Guinn Grant Rhett Tuli He seems to like BofA La mayoria de accionistas en las empresas, no siempre conllevan al exito su capital; ya que el mercado es fragil y factores externos los pueden afectar, por lo cual la venta de acciones al valor de la oportunidad no tendra marcha atras. carlosamarin EduardGutty MLOPEZ1633
Source: BusinessInsider - 🏆 729. / 51 Read more »

Warren Buffett's Apple stake plunged in value by $10 billion during Thursday's tech rout - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

SoftBank’s Bet on Tech Giants Fueled Powerful Market RallyJapanese conglomerate SoftBank fueled the recent stock market rally by buying options tied to billions of dollars worth of individual tech stocks, people familiar with the matter say pretty soft if you ask me Infarct_Invest Japanese inflation and moneyprinting of the rails transferred into the US with Softbank working as the vehicle. OV_BABY
Source: WSJ - 🏆 98. / 63 Read more »