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Monday, May 29, 2017

Warren Buffett takes 3 percent stake in Germany’s Lanxess

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Warren Buffett takes 3 percent stake in Germany's LanxessLanxess (LXSG.DE) disclosed on Monday that Berkshire Hathaway (BRKa.N), the conglomerate run by billionaire Warren Buffett, had acquired a 3 percent stake in the German chemicals maker. Lanxess shares jumped 2.9 percent to 65.06 euros by 0936 GMT after the news, even though the stock was trading without the rights to a 0.70 euro-per-share dividend for the first time. In a regulatory filing, Lanxess said that Berkshire Hathaway’s General Reinsurance subsidiary took a stake that reached just over 3 percent on May 19.

May 29, 2017 at 05:47PM

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