(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. took stakes in five Japanese trading companies, expanding its reach abroad.Buffett’s company announced Sunday night that it acquired “slightly more” than 5% of the shares of Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. and Sumitomo Corp., according to a statement. The purchases, made through one of its insurers, National Indemnity, are valued at more than $6 billion, according to Bloomberg calculations.The move marks a big push abroad by Buffett’s firm, which has long accumulated stakes in U.S. companies including Apple Inc. and Coca-Cola Co. Berkshire has also sought investments abroad with …read more
Source:: Yahoo Finance
