20170221_Warren Buffett

Berkshire Hathaway Chairman and CEO Warren Buffett

Buffett may have foreseen Toshiba's woes

US investment guru pulled up stakes in nuclear business years ago

TOKYO -- For one person, at least, Toshiba's huge losses related to its acquisition of the nuclear construction unit of U.S. company Chicago Bridge & Iron probably came as no surprise.

Berkshire Hathaway, the investment company run by U.S. billionaire Warren Buffett, used to be a large shareholder in CB&I. But Berkshire sold off all the holdings before Westinghouse Electric, a U.S. nuclear operation unit of Toshiba, snapped it up. Buffett likely dumped the shares because he sensed trouble ahead for the nuclear energy business.

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