Sunday, January 31, 2010

Raises stake in Munich Re to 5%

Warren Buffett has raised his holding in Munich Re, the world's leading re-insurance company, a statement to financial markets said on Thursday.

Buffett now owns directly or indirectly more than five percent of the voting rights in Munich Re, after taking options on 1.945 percent of its capital in addition to a previous stake of 3.08 percent.

source: afp, warren buffett