Berkshire Hathaway drops IAG shareholding deal
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Berkshire Hathaway drops IAG shareholding deal

Rachel Dalton
12 January 2023
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Berkshire Hathaway has ended a strategic shareholding deal with Insurance Australia Group (IAG) that will allow the investment giant to sell its A$465mn ($321mn) holding in the carrier.

Berkshire Hathaway struck the initial shareholding deal with IAG in 2015, at which point the A$500mn placement secured it a 3.7%

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