Buffett's Berkshire Hathaway takes $388 mln stake in Australia's IAG
June 15, 2015 at 19:31 PM EDT
SYDNEY, June 16 (Reuters) - Warren Buffett's Berkshire Hathaway Inc has bought a 3.7 percent stake in Insurance Australia Group 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.