(Bloomberg) — IRB Brasil Resseguros SA tumbled the most on record after Warren Buffett’s Berkshire Hathaway Inc. pushed back against a media report that it held a stake in the Brazilian reinsurer.“Berkshire Hathaway Inc. is not currently a shareholder of IRB, it has never been a shareholder of IRB and it has no intention of becoming a shareholder of IRB,” Berkshire said Tuesday in a statement.Stock fell as much as 25% to 21.10 reais in Sao Paulo, the lowest intraday since October 2018.IRB had been targeted by short seller Squadra Investments, which alleged that the Brazilian reinsurer included one-offs in …read more
Source:: Yahoo Finance
