Buffett's IAG deal gives Berkshire Hathaway platform for Asia-Pacific growth
Warren Buffett has agreed for Berkshire Hathaway to take a A$500m 3.7% in IAG in exchange for the Australian insurer's renewal rights to its large corporate book.
Berkshire has bought the shares via a A$500m (£249m) placement (A$5.77 per share for 89.7 million new shares).
As part of a complex agreement, Berkshire Hathaway Specialty's Australia arm, led by
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