Berkshire Hathaway bows out of P&G

THE WHAT? Warren Buffet’s Berkshire Hathaway has dissolved its stake in Procter & Gamble, according to a report published by Nasdaq quoting a regulatory filing as its source.

THE DETAILS The investment vehicle has swopped out its shares in the manufacturer of Olay for a stake in Taiwan Semiconductor Manufacturing Co, the filing showed.

THE WHY? The US$4 billion purchase makes Taiwan Semiconductor the 10th largest holding in Berkshire Hathaway’s portfolio, Forbes reports.

The post Berkshire Hathaway bows out of P&G appeared first on Global Cosmetics News.

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