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Benzinga
Benzinga
Business
Bibhu Pattnaik

Berkshire Hathaway Faces $3.8 Billion Loss Tied to Kraft Heinz Stake

Berkshire Kraft Heinz Berkshire Hathaway Heinz Kraft Warren Buffett Berkshire Hathaway Inc KHC Kraft Heinz Co NYSE
Berkshire,Hathaway,Investment,And,Finance,,Business,Concept.,Berkshire,Hathaway,Company

Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK) has reported a $3.8 billion impairment on its stake in Kraft Heinz Co. (NASDAQ:KHC), marking a significant setback for the billionaire investor.

What Happened: Berkshire Hathaway has reduced the carrying value of its Kraft Heinz investment to $8.4 billion, a significant drop from over $17 billion at the end of 2017.

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