Warren Buffet sells down Tesco stake

Warren Buffet
WARREN Buffett, the world’s third richest man, has sold 245m shares in Tesco, just weeks after describing his investment in the troubled retailer as a “huge mistake”. Buffett’s Berkshire Hathaway, which first invested in Tesco in 2006, has reduced its stake from 3.6 per cent to below the three per cent limit at which investors have to declare their shares.

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