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Market Chatter: Berkshire Eyes Larger Stakes in Japan Trading Houses, Says CEO

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Berkshire Hathaway plans to expand its holdings in Japan's five largest trading houses while also seeking more joint ventures and M&A deals globally, Nikkei Asia reported Friday, citing CEO Greg Abel in an interview.

Abel reaffirmed confidence in the trading houses Mitsubishi (TYO:8058), Itochu (TYO:8001), Mitsui (TYO:8031), Sumitomo (TYO:8053), and Marubeni (TYO:8002), the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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