Insurance Australia Group

Berkshire Hathaway Inc. (BRK) Acquires Stake in Insurance Australia Group

Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) acquired a 3.7% stake in Insurance Australia Group (ASX:IAG) for A$500 million through a share placement. The deal was part of the strategic partnership between the companies. The strategic...

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