The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Berkshire Hathaway invests in embattled lender Home Capital

Published Thu, Jun 22, 2017 · 09:50 PM
Share this article.

Hong Kong

WARREN Buffett's Berkshire Hathaway Inc is providing a lifeline to Home Capital Group Inc, the embattled Canadian alternative lender whose near collapse sparked intense scrutiny of the country's fraught housing market.

Berkshire agreed to indirectly acquire C$400 million (S$418 million) of the firm's shares for about a 38.4 per cent stake and provide a C$2 billion credit line to subsidiary Home Trust Co, Home Capital said late Wednesday in Toronto.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here