U.S.-based investment firm Berkshire Hathaway Inc. will buy a 3.7% stake in Insurance Australia Group Ltd. for $500 million Australian ($388 million) as part of a strategic relationship with the insurer, The Sydney Morning Herald reported.
U.S.-based investment firm Berkshire Hathaway Inc. will buy a 3.7% stake in Insurance Australia Group Ltd. for $500 million Australian ($388 million) as part of a strategic relationship with the insurer, The Sydney Morning Herald reported.