Berkshire Hathaway invests in embattled lender Home Capital
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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.
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