Berkshire Hathaway has fully exited its 17-year investment in Chinese automaker BYD, as indicated by a recent filing. This marks the conclusion of a highly profitable venture for Warren Buffett's conglomerate.
The investment in BYD had grown over 20-fold in value during Berkshire Hathaway's holding period, demonstrating a significant return on capital. The exit allows the company to realize these substantial gains.
This divestiture represents a strategic portfolio adjustment, reallocating capital from a successful long-term holding. The funds can now be deployed into new opportunities or contribute to Berkshire's growing cash reserves.
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