Berkshire Hathaway to invest $400M into Home Capital (really)

[Mark Jr.]

Home Capital Reaches Agreement with Berkshire Hathaway for Investment of up to C$400 Million in Common Equity and Provision of New C$2 Billion Credit Facility

 

http://www.newswire.ca/news-releases/home-capital-reaches-agreement-with-berkshire-hathaway-for-investment-of-up-to-c400-million-in-common-equity-and-provision-of-new-c2-billion-credit-facility-630038203.html

 

The Home Capital thread is over here:

 

http://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/hcg-to-home-capital-group/

 

 

[CanadianMunger]

This deal is peanuts for Berkshire.  He's just getting Berkshire's name out there for when one of the big 5 banks need capital.  Savvy, even in his old age :)

 

-CM

[Mephistopheles]

This deal is peanuts for Berkshire.  He's just getting Berkshire's name out there for when one of the big 5 banks need capital.  Savvy, even in his old age :)

 

-CM

 

Maybe he's testing a new strategy: is Berkshire's name powerful enough to draw in deposits? If so, this could be an incredible new business opportunity for BRK lol