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Berkshire Hathaway plans to boost holdings in top trading firms
Berkshire Hathaway plans to increase its stakes in Japan's top five trading companies, which include Mitsubishi, Itochu, Mitsui, Sumitomo, and Marubeni. The company had acquired shares ranging from 9% to 11% in 2019, with agreements that allow it to increase its ownership to over 10%. CEO Greg Abel confirmed that the company intends to raise its holdings, expressing strong confidence in the growth of these firms. Shares of these companies have risen in recent days, with some gaining nearly 5%. These companies are among the largest global players in the trading sector, holding significant investments valued at approximately $35.37 billion.
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