Warren Buffett’s energy division buys rival Dominion

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Warren Buffett

The star investor has been looking for great deals for years to make a profit on Berkshire Hathaway’s cash reserves.


(Photo: dpa)

Denver Warren Buffett has so far been extremely reserved in the corona crisis. But now the star investor strikes. The energy division of its Berkshire Hathaway conglomerate takes over parts of the company from its competitor Dominion Energy, as the company announced on Sunday afternoon (local time).

According to this, Berkshire Hathaway Energy (BHE) will pay $ 4 billion in cash for Dominion’s natural gas network and storage capacity. In addition, debt of around six billion dollars is assumed.

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