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Warren Buffett's Berkshire buys Dominion Energy's assets in $10 bn deal
short by Pragya Swastik / on Monday, 6 July, 2020
World's sixth-richest person Warren Buffett's company Berkshire Hathaway is acquiring the natural gas transmission and storage assets of American power company Dominion Energy for $4 billion. Including the assumption of debt, the deal totals almost $10 billion. It is the first major deal from Berkshire Hathaway since the coronavirus pandemic began, following which the market collapsed in March.
read more at Reuters