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Home Capital had interest from over 70 parties in investment

Published 2017-06-22, 09:25 a/m
© Reuters.  Home Capital had interest from over 70 parties in investment
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TORONTO, June 22 (Reuters) - Home Capital Group Inc HCG.TO had interest from over 70 parties prior to agreeing to a new investment from billionaire Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc BRKa.N , Home Capital director Alan Hibben said on Thursday.

"We had over 70 people under NDA (non-disclosure agreement) within the data site. They were not just Canadians, there were global players involved with that," Hibben told analysts on a conference call.

"Other proposals that we received were not as attractive to us with respect to the cost of the backstop," he added.

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