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  • Warren Buffet's company buys into troubled Home Capital Group

    Home Capital Group Inc. says American investment firm Berkshire Hathaway Inc. has agreed to indirectly acquire $400 million of its common shares in a private placement and provide a new $2 billion line of credit to its subsidiary, Home Trust Company.

    Berkshire, through its wholly-owned subsidiary Columbia Insurance Company, has agreed to make an initial investment of $153.2 million to purchase just over 16 million common shares, which represents an equity stake of approximate 19.99 per cent in Home Trust.


    More: http://www.cbc.ca/news/business/warr...ital-1.4172661
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