MARCH 11, 2010, 12:25 P.M. ET
FRANKFURT (Dow Jones)–Munich Re AG (MUV2.XE) Chief Executive Nikolaus von Bomhard Thursday said he isn’t aware whether investor billionaire Warren Buffett has exercised the stock options he holds in Munich Re.
Buffett holds stock options that grant him the right to subscribe to Munich Re shares worth just below 2% of voting rights. The exercise date of the options is March 11.
Von Bomhard told an investor conference Thursday that Buffett would hold a stake “north of 7% and south of 10%” in Munich Re if exercising those options. Buffett already owns a stake of slightly above 5% in Munich Re.
With or without exercising the options, Buffett would be Munich Re’s largest shareholder, von Bomhard told investors.
He added that the company likes Buffett as a big, or anchor shareholder, and that there’s always been contact between Buffett and Munich Re.
-By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500; [email protected]
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