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Market Chatter: Berkshire Hathaway Eyes Higher Stakes in Japan's Top Five Trading Houses

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Berkshire Hathaway is considering to raise its stakes in Japan's five biggest trading houses, Mitsubishi Corp. (TYO:8058), Itochu (TYO:8001), Mitsui & Co. (TYO:8031), Sumitomo Corp. (TYO:8053), and Marubeni (TYO:8002), Nikkei Asia reported Thursday, citing CEO Greg Abel in an exclusive interview.

Berkshire, which began investing in the trading firms around 2020, has raised its holdings to more than 10% in each company. Abel said Berkshire also aims to pursue more joint investments and mergers and acquisitions opportunities with the trading houses on a global scale, the report said.

Shares of Mitsubishi Corp., Itochu, Mitsui & Co., Sumitomo Corp., and Marubeni added 5%, 3%, 4%, 5%, and 3% in recent trade.

(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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