Berkshire Hathaway Pares Stake in BYD

MT Newswires Live06-18

Berkshire Hathaway, through Berkshire Hathaway Energy Co., divested 1.3 million Hong Kong shares in BYD (HKG:1211, SHE:002594) at an average price of HK$230.46 apiece for a total of HK$310.5 million, according to a June 11 ownership filing with the Hong Kong Stock Exchange.

The share sale reduced Berkshire Hathaway's stake in BYD to 7.02% from 6.90%, the filing said.

Berkshire Hathaway Energy is 91.14% owned by Warren Buffet's Berkshire Hathaway, according to data from S&P Capital IQ.

Price (HKD): $232.40, Change: $-1.00, Percent Change: -0.43%

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