Market Chatter: Berkshire Hathaway Reduces Stake in BYD Below 5%-February 2024-www.financetom.com

Market Chatter: Berkshire Hathaway Reduces Stake in BYD Below 5%

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Market Chatter: Berkshire Hathaway Reduces Stake in BYD Below 5%

Jul 22, 2024 5:51 AM

08:34 AM EDT, 07/22/2024 (MT Newswires) -- Berkshire Hathaway (BRK.A) has divested another block of shares in BYD, reducing its stake in the Chinese automaker to 4.94% from 5.06%, Bloomberg reported Monday, citing a Hong Kong exchange filing.

Falling below the 5% threshold means Berkshire Hathaway is no longer required to disclose further sales or if it exits its position entirely, the report said.

Berkshire Hathaway and BYD did not immediately respond to MT Newswires' requests for comment.

(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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