Warren Buffett's
The purchase of the Dutch reinsurance unit on Friday was the second for Berkshire last week, which paid $4.5 billion for 60% of
An ING spokesman said the Dutch financial services company expects the sale to result in a $147 million aftertax loss and will use the sale proceeds to fund operations, more acquisitions and its share buyback program.
Berkshire, based in Omaha, Neb., owns more than 70 businesses and is best known for insurance holdings including
Buffett's Berkshire Buys ING Unit
January 02, 2008, 1:00 a.m. EST 1 Min Read