US EditionWarren Buffett’s successor eyes selling off Berkshire Hathaway’s 325 million Kraft Heinz shares
Berkshire Hathaway may sell up to 325 million Kraft Heinz shares to reduce its 27.5% stake amid strategic struggles and recent writedowns under new CEO Greg Abel.
- On Tuesday, Kraft Heinz filed that its largest shareholder Berkshire Hathaway may offer to sell, from time to time, shares and registered its entire 27.5% stake.
- Greg Abel, CEO of Berkshire Hathaway since Jan. 1, now oversees operations, and observers say the filing shows he may pursue a different strategy than chairman Warren Buffett.
- Berkshire took a $3.76 billion writedown on its Kraft Heinz stake last summer and Berkshire Hathaway's two representatives resigned from the Kraft board last spring.
- Kraft Heinz shares fell nearly 4% after the filing, and traders showed additional premarket pressure following the announcement.
- Such a sale would be notable given Buffett's history, as Berkshire Hathaway, owner of a portfolio worth over $300 billion, rarely unloads major acquisitions during Warren Buffett's six decades.
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38 Articles
Greg Abel, the successor of Warren Buffett at Berkshire Hathaway, is the first important decision to correct an error of the investment legend. Also because Kraft Heinz wants to split up again.
Is Greg Abel Making His First Move to Redefine Berkshire Hathaway?
Quick Read Berkshire Hathaway (BRK.B) filed to potentially sell its entire 27.5% stake in Kraft Heinz valued at $7.7B. Kraft Heinz shares fell 7.5% in premarket trading following the announcement. Kraft Heinz plans to split into two independent companies by second half of 2026. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been …
Warren Buffett's successor's first major move may be to unwind one of his biggest investments: Kraft Heinz
Warren Buffett’s successor appears to be considering his first significant move after taking over as CEO this month. Kraft Heinz warned investors Tuesday that Berkshire Hathaway may be interested in selling its 325 million shares in the name brand food giant that Buffett helped create back in 2015. The news came in a filing with stock market regulators. Buffett and the Brazilian investment firm 3G Capital orchestrated the merger of Kraft and Hei…
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