Sudan: US investor in Petro-China rejects divestment plan
11.05.2007
LA Times reports that shareholders of Berkshire Hathaway Inc. have decisively rejected a proposal that would have required the company to sell its $3.3-billion stake in PetroChina Co., a subsidiary of a Chinese government firm that is the largest player in Sudan's oil industry. Berkshire Chairman Warren E. Buffett, who owns about one-third of his company's shares, advised against the proposal, which received less than 2% of votes cast here at Berkshire's annual meeting.