Jan 26, 2010
Warren Buffett buys 3% of Munich Re
Warren Buffett is pretty active with foreign insurance companies these days. Not to long ago, Berkshire Hathaway (NYSE:) did a deal to take on some of Swiss Re’s life insurance portfolio. Now, Munich Re is reporting that he owns 3% of the company:
Release of an announcement according to Section 21 WpHG [German Securities Trading Act]
WKN 843002
ISIN DE0008430026Warren E. Buffett, USA, informed us in accordance with Section 21, para. 1 of the German Securities Trading Act (WpHG) that his share of the voting rights in our company had exceeded the threshold of 3% on 18 January 2010 and amounted to 3.045% (6,011,029 voting rights) as per this date. Thereof 2.994% (5,911,029 voting rights) are attributable to him in accordance with Section 22, para. 1 sentence 1 item 1 of the WpHG.
Munich, 26 January 2010
The Board of Management
I don’t know too much about Munich Re, but for any global value guys, it is probably worth taking a look at.
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