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Buffett further cuts stake in PetroChina
September 28, 2007 / 9:44 AM / 10 years ago

Buffett further cuts stake in PetroChina

<p>Warren Buffett arrives at the Sun Valley Resort in Sun Valley, Idaho July 10, 2007. Buffett's Berkshire Hathaway Inc sold US$65 million worth of shares in PetroChina Co Ltd on September 13, marking the fund's fourth reported sale of stock in Asia's top oil and gas producer in two months. REUTERS/Rick Wilking</p>

HONG KONG (Reuters) - Investment guru Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) sold US$65 million worth of shares in PetroChina Co Ltd (0857.HK) on September 13, marking the fund’s fourth reported sale of stock in Asia’s top oil and gas producer in two months.

Berkshire sold 45.138 million shares at an average price of HK$11.26 apiece, trimming its stake in PetroChina (PTR.N) to 7.99 percent from 8.21 percent of the firm’s free-floating shares, according to the Hong Kong stock exchange.

US$=HK$7.*

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