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The total amount of the transaction, according to media estimates, based on the price of the companies' shares last Friday, amounted to $ 6.3 billion.
Trading companies are typical Japanese conglomerates that specialize in finance and investment, but also trade and manufacture in many sectors of the economy.
The corporations in which Berkshire Hathaway has invested are among the "big five" trading companies in Japan.
The investment company also announced that, in accordance with the agreements, in the future it can at will increase its stake in any of these companies to 9.9%, for a more significant increase in the stake it will need additional consent of the Japanese company's management.
After the announcement of the acquisition, the shares of all five companies grew: growth ranged from 4.2% to 9.5%.
source: bloomberg.com
Trading companies are typical Japanese conglomerates that specialize in finance and investment, but also trade and manufacture in many sectors of the economy.
The corporations in which Berkshire Hathaway has invested are among the "big five" trading companies in Japan.
The investment company also announced that, in accordance with the agreements, in the future it can at will increase its stake in any of these companies to 9.9%, for a more significant increase in the stake it will need additional consent of the Japanese company's management.
After the announcement of the acquisition, the shares of all five companies grew: growth ranged from 4.2% to 9.5%.
source: bloomberg.com
