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Trading in Finova's shares was halted at 95 cents before the announcement of the plan, which will leave current shareholders with a significantly reduced stake.
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British Telecom also said it would focus on businesses in Western Europe and Japan, while reducing stakes in holdings elsewhere in Asia.
The government is now promising a more dynamic investment policy, reducing stakes in established companies so as to finance firms of the future.
But she is expected to resist calls to drastically reduce stakes on so-called Fixed-Odds Betting Terminals (FOBT).
The DCMS has promised to review the outcome of the Responsible Gambling Trust probe in September, when it could take action to reduce stakes and prizes without passing primary legislation.
But campaigners say the only way to limit the potential harm is to dramatically reduce stakes and prizes - and that there is no place for high-stakes Las Vegas-style games in easily accessible High Street venues.
Berkshire also reduced its stake in information protection company Iron Mountain and exited its stake in investment advisor Ameriprise Financial.
VERIZON COMMUNICATIONS, New York, has reduced its stake in Flag Telecom Holdings, Hamilton, Bermuda.
AT&T had already reduced the stake by $1.6 billion.
Since then it has gradually reduced its stake.
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