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Last month Orcel said the stake would rise to around 30 percent by the end of the year, bringing it closer to a possible takeover, which has provoked uproar in Germany.
If the stake rises above 30 percent UniCredit would be obliged to launch a public share offer.
Berkshire bought the stake, which originally totaled about one billion shares, mostly from 2016 through 2018, at an average price of $35 a share, based on a disclosure in Buffett’s 2021 shareholder letter.
The Apple stock sales have come as a mild surprise because Buffett described the stake in a 2021 shareholder letter as one of four pillars that accounted for the bulk of the Berkshire’s value, along with its insurance operations, utility business, and the railroad BNSF.
Conservative journalist and activist Cassandra MacDonald wrote on X, “I just reviewed my group chats and can confirm i will be burned at the stake if we dont start making an example of leaking traitors.”
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