US billionaire Warren Buffett’s Berkshire Hathaway has further reduced its holding in PetroChina, the Hong Kong-listed arm of China’s largest oil producer, to 3.1 percent, Berkshire Hathaway told the Securities and Exchange Commission Wednesday.
Buffett and his company have been under pressure from the US government to exit the Chinese company because of its investments in Sudan. The US government has accused the Sudanese government of supporting genocide.
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