Buffett sells $362 mln PetroChina shares, 6th deal |
| Reuters - Oct 9, 2007 |
U.S. investor Warren Buffett's Berkshire Hathaway Inc has sold shares in top Asian oil and gas producer PetroChina Co Ltd for the sixth time since July, slashing its holding by nearly half overall to cash in on a lucrative holding.
Berkshire cut its holding in China's largest oil producer most recently on Sept. 25, selling US$362 million worth of shares in the company, according to stock exchange data released on Tuesday. It unloaded 220.5 million shares at an average price of HK$12.80 apiece.
Buffett's firm has now trimmed its stake in PetroChina to 5.44 percent of the firm's free-floating shares from a previous 11.05 percent before the successive sales kicked off on July 12.
Read Full Article from Reuters
- Posted: 2007-10-09 10:16:28
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
