|
Swiss Reinsurance Co. (SWCEY.PK)
Thursday said it plans to raise as much as 5 billion Swiss
francs, or $4.3 billion, in fresh capital to boost its
equity, protect its credit rating and balance a substantial
full-year net loss.
Investor and billionaire Warren Buffett's Berkshire Hathaway
Inc. (BRKB) will invest around $3 billion and enter into a
business deal with the reinsurer, the second deep commitment
within about a year and Buffett's biggest in Europe since he
began scouting opportunities in the region.
Buffett's investment will come through a high-yielding bond
that can be converted into shares three years...
Back to Warren Buffett's Portfolio
All information obtained
from the SEC Edgar Form 13F-HR - Holdings Report, as of
2007-09-30
|