Buffet hikes stake in grocery business

By Agence France-Presse

Aug 18, 2021 12:17 am

OMAHA: Billionaire Warren Buffett's company has again increased the size of its bet on grocery giant Kroger while scaling back several of its health care industry investments.

Berkshire Hathaway Inc. said in a quarterly update with regulators on Monday that it picked up nearly 11 million shares of Kroger stock during the second quarter, raising its holdings to 61.8 million shares. Buffett's company has been steadily adding to its Kroger holdings in recent quarters.

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