Warren Buffett, the billionaire founder and CEO of holding conglomerate Berkshire Hathaway (NYSE: BRK.A, BRK.B), has acquired a three percent stake in reinsurer Munich Re AG.
A company ad hoc statement said that Buffett has informed them that he now has 3.045 percent of the voting rights in Munich Re. The statement attributed the holding to Buffett rather than to Berkshire Hathaway.
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Munich Re declined to say whether Buffett had owned any shares before bringing his stake above 3 percent.
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