FRANKFURT, GERMANY: Lanxess AG said that Berkshire Hathaway Inc, a conglomerate company run by billionaire Warren Buffett, had acquired a 3 percent stake in the German chemicals maker.
In a regulatory filing, Lanxess said that Berkshire Hathaway's General Reinsurance (Gen Re) subsidiary took a stake that reached just over 3 percent.
The shares held by Gen Re - whose total financial investments excluding cash holdings stood at about $22 billion at the end of last year - were worth about 180 million euros ($200 million) at that time.
Lanxess has said that after recent acquisitions of Chemtura worth a combined 2.6 billion euros more strategic steps could be in the offing in the second half of the year.
Read More: Lanxess sells 3 percent stake to Warren Buffett
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