4 October 08:22

Berkshire Hathaway, led by Warren Buffett, has acquired the petrochemical division OxyChem from Occidental Petroleum for $9.7 billion, the largest transaction for the company in the last three years.

Ana Maria Eftene

International

Foto: Brandon Bell / Getty images / Profimedia

Of this amount, 6.5 billion will be used by Occidental to reduce debt. This move strengthens Berkshire's position in the energy sector, reflecting Buffett's confidence in Occidental, despite the challenges in the market.

Sources

Libertatea

Miliardarul Warren Buffett cumpără cu 9,7 miliarde de dolari OxyChem

independent.co.uk

Berkshire Hathaway to pay $9.7 billion for OxyChem, potentially Buffett's last big deal

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Berkshire Hathaway acquisition

Berkshire Hathaway, led by Warren Buffett, has acquired the petrochemical division OxyChem from Occidental Petroleum for $9.7 billion, the largest transaction for the company in the last three years.

Sources

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