Warren Buffett’s Berkshire takes 2.49% stake in Japan’s Tokio Marine
Business deals
Partnership aims to reduce exposure to risk and to promote M&A collaboration
Berkshire will acquire the stake through its core reinsurance unit, National Indemnity. (Nikkei montage/Source photos by Kazuma Shirokawa and Reuters)
TOKYO — Warren Buffett’s Berkshire Hathaway will take a 2.49% stake in Tokio Marine Holdings, the Japanese insurer said Monday, marking an expansion of Berkshire’s Japan portfolio beyond its investment in five trading houses.
