Buffett Sells PetroChina Shares Near Record Price
Read the full article at: http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=atPb7fydKU54
Submitted by Geoff on Fri, 2007-07-27 13:16.
(via www.bloomberg.com)
Bloomberg article on Berkshire's sale of some of its PetroChina stake. Apparently, the amount of shares sold was very small - only about $27 million worth of stock out of a position worth around $3.3 billion. Berkshire paid $488 million for its ownership of roughly 1% of the company. The Chinese government is PetroChina's majority owner.
