Berkshire raises stake in Japan's Mitsubishi above 10%

By Kentaro Okasaka

TOKYO (Reuters) -Berkshire Hathaway, through its wholly-owned unit National Indemnity Company, has raised its stake in Japan's Mitsubishi Corp and Mitsui & Co, the companies said on Thursday.

Berkshire raised its stake in Mitsubishi to 10.23% from 9.74% previously, the company said in a market disclosure. A Mitsui official confirmed Berkshire had raised its stake, but declined to give a percentage.

Its prior stake in Mitsui was 9.82%.

Berkshire previously raised its holdings in five Japanese trading houses, including Mitsubishi and Mitsui, in March.

Shares in Mitsubishi rose 1.85% and Mitsui was up 1.23% on Thursday, while the benchmark Nikkei gained 0.73%.

Sumitomo Corp rose 1.1%, Itochu increased 1.15% and Marubeni gained 1.17%.

(Reporting by Kentaro Okasaka; Writing by Kantaro Komiya; Editing by Kim Coghill and Sharon Singleton)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Trump says he'll consider whether to release more 9/11 records
• S&P Dow Jones Indices loosens Canadian index inclusion criteria
• Ahead of Fed meeting, Trump says US should have world's lowest interest rate