Berkshire sells some DaVita shares, cuts stake to 45%

Davita

14/02/2025 24:57

Feb 13 (Reuters) - Berkshire Hathaway  BRKa.N  said on
Thursday night it sold 203,091 shares of DaVita  DVA.N ,
reducing its stake in the kidney dialysis services provider to
about 35.89 million shares, a 45% stake worth nearly $6.4
billion.
    In a regulatory filing, Berkshire said the February 11 sale
was required pursuant to a share repurchase agreement, under
which DaVita agreed on a quarterly basis to buy back enough
shares to reduce Berkshire's ownership stake to 45%.

 (Reporting by Jonathan Stempel in New York; Editing by Sandra
Maler)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))