Fosun International Ltd has raised its stake in Belgian financial services group RHJ International SA in a 59.1 million euros ($64.5 million) deal that extends the Chinese conglomerate's global spending spree. Fosun, through two subsidiaries, will see its indirect stake in RHJI rise to 28.6 percent from 19.5 percent, the firm said in a regulatory filing on Tuesday.Like Warren Buffett's Berkshire Hathaway Inc, Fosun is seeking to purchase insurance assets to help it finance future investments. In the filing, the company said the RHJI deal would help it "strengthen its comprehensive financial capabilities and to better access other business opportunities in Europe".Fosun recently struck deals in France and Britain, including the $1 billion dollar purchase of French holiday firm Club Mediterranee SA which was finalised last month.The RHJI transaction will be carried out via Fosun's Portuguese insurer Fidelidade-Companhia de Seguros SA and Billion Infinity Investment Ltd.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.16% or $346.0/share to $218646.00. In the past year, the shares have traded as low as $181785.00 and as high as $229374.00. On average, 300 shares of BRK-A exchange hands on a given day and today's volume is recorded at 184.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.02% or $0.03/share to $145.56. In the past year, the shares have traded as low as $121.09 and as high as $152.94. On average, 3680060 shares of BRK-B exchange hands on a given day and today's volume is recorded at 3046076.
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