April 9, 2008 / 6:44 PM / 11 years ago

Berkshire Hathaway bought Munich Re shares-report

FRANKFURT, April 9 (Reuters) - U.S. billionaire Warren Buffett’s investment vehicle Berkshire Hathaway (BRKa.N) has bought 1 million shares in German reinsurer Munich Re (MUVGn.DE) in the past half year, a German newspaper reported.

Citing unidentified financial sources, the Frankfurter Allgemeine Zeitung said in a preview received on Wednesday of an article due for publication in Thursday’s edition, that it was not clear whether Berkshire Hathaway still held the shares, which would correspond to a stake of 0.5 percent.

A Munich Re spokeswoman said the company was not aware of Berkshire Hathaway holding any stake. Under German rules, the threshold obliging investors to disclose stakes is 3 percent.

No one at Berkshire Hathaway was immediately available for comment. (Reporting by Peter Starck with additional reporting by Jonathan Stempel in New York; Editing by Maureen Bavdek)

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