Buffett's Berkshire Hathaway takes $388 million stake in Australia's IAG-Reuters

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) has bought a 3.7 percent stake in Insurance Australia Group (IAG.AX) for A$500 million ($388 million) as part of a partnership that IAG said would reduce its capital requirements and support its return on equity targets.

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