Berkshire Hathaway buys Dominion energy’s natural gas assets in $10 billion deal

Berkshire Hathaway buys Dominion energy’s natural gas assets in $10 billion deal

Warren Buffett’s Berkshire Hathaway is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March. At his annual shareholder meeting in May, Buffett revealed that Berkshire had built up a record $137 billion cash hoard

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Mon Jul 06 - CNBC

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