ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Buffett may have foreseen Toshiba's woes

US investment guru pulled up stakes in nuclear business years ago

YOICHI NAGAI, NQN senior staff writer | Japan

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more