8/31/2020, 2:39 AM (Source: TeleTrader)
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Berkshire buys stakes in 5 Japanese trading firms

Warren Buffett's Berkshire Hathaway has made the acquisition of holdings in five Japanese trading houses, including Mitsubishi Corp., Mitsui & Co. Ltd., Itochu Corp., Marubeni Corp. and Sumitomo Corp, the company confirmed.

Berkshire said it now owns a little over 5% stake, valued at roughly $6.25 billion, in the Japanese trading firms, secured through purchases made on the Tokyo Stock Exchange over the past year.

"I am delighted to have Berkshire Hathaway participate in the future of Japan," Buffet said in the announcement, adding the company plans to hold the investments in the conglomerates for the long term.

Breaking the News / NL