Berkshire disclosed in a U.S. SEC filing on Monday that it paid about US$176-million in three separate purchases of Occidental shares since Thursday
, a regulatory filing showed, bringing his stake in the U.S. oil producer’s common stock to nearly 29 per cent.
Those acquisitions gave Berkshire about 255.3 million Occidental common shares, an about 29 per cent stake worth approximately $15.37-billion on Monday. His purchases this month have totalled 5.5 million shares. Analysts and investors have said an acquisition could diversify Berkshire’s energy portfolio, which includes several utilities, electricity distributors and renewable power projects.
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