Berkshire increases stake in two Japanese trading houses above 10%

Long-term investor boosts Sumitomo, Marubeni holdings under new CEO Greg Abel Warren Buffett, chairman and former CEO of Berkshire Hathaway, speaks with Nikkei in Tokyo in 2023. (Photo by Shinya Sawai) TOKYO — Prominent U.S. investment firm Berkshire Hathaway has raised its stakes in two Japanese trading houses to over 10%, cementing its position as the largest shareholder in the companies it has continued to champion.

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