US investor Warren Buffett takes stake in Munich Re: Report
US billionaire Warren Buffett has acquired 0.5 per cent of the shares in German reinsurance company Munich Re, the Frankfurter Allgemeine Zeitung said on Thursday, quoting financial sources.
By Agencies |
BERLIN: US billionaire Warren Buffett has acquired 0.5 per cent of the shares in German reinsurance company Munich Re, the Frankfurter Allgemeine Zeitung said on Thursday, quoting financial sources.
Buffett has bought about one million Munich Re shares in the past six months, but specific reasons for his purchase was not known, the newspaper said.
Often considered one of the wisest investors worldwide, Buffett has also taken other positions in the reinsurance sector, including ownership of General Re and a three per cent stake in Swiss Re, the report said.
Buffett has bought about one million Munich Re shares in the past six months, but specific reasons for his purchase was not known, the newspaper said.
Often considered one of the wisest investors worldwide, Buffett has also taken other positions in the reinsurance sector, including ownership of General Re and a three per cent stake in Swiss Re, the report said.
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