Berkshire Hathaway, Warren Buffet’s company, which reduced its share in Bank of America (BofA), has reached $9 billion in sales in the US bank since July.
The holding announced that it sold around 21 million shares for approximately 863 million dollars between September 20 and September 24. Berkshire had previously announced that it sold approximately 45.6 million shares in different sessions during the month.
Berkshire owns 10.5 percent of BofA’s shares, worth $32.1 billion, according to LSEG data, and is the bank’s largest shareholder. Berkshire will not be required to regularly report its shareholding if its shares fall below 10 percent.
