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10 December 2023

Buffett's firm raises stake in Munich Re

Warren Buffett (SUPPLIED)

By Staff Writer

Warren Buffett continued to raise his voting stake in Munich Re and could hold 5.224 per cent of the world's biggest reinsurer, including options.

Buffett's Berkshire Hathaway raised the stake it holds directly or indirectly in the reinsurer to 3.278 per cent as of January 22, Munich Re said yesterday.

The stake, which analysts see as probably financial rather than strategic, had previously stood at 3.084 per cent as of January 19.


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