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Berkshire Hathaway Increases Stake in Mitsubishi Corp, Shares Rise
Berkshire Hathaway Increases Stake in Mitsubishi Corp, Shares Rise
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BTCCSquare news:
Warren Buffett's Berkshire Hathaway has elevated its stake in Mitsubishi Corp beyond 10%, signaling continued confidence in Japan's commodity sector. The MOVE follows a similar expansion of holdings in Mitsui & Co., Sumitomo Corp, Itochu, and Marubeni five months prior.
Shares of Mitsubishi ROSE 0.36% to $497.50 in early trading. The Nebraska-based conglomerate simultaneously bolstered its position in UnitedHealth Group with a $1.57 billion investment while reducing exposure to Apple, Bank of America, and Charter Communications.
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