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
Always see our news on Google
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
Miliardarul Warren Buffett cumpără cu 9,7 miliarde de dolari OxyChem
Berkshire Hathaway to pay $9.7 billion for OxyChem, potentially Buffett's last big deal
Warren Buffet se pregătește să spargă pușculița pentru cea mai mare tranzacție a companiei sale din ultimii 3 ani
Warren Buffett vizează, se pare, cea mai mare tranzacție a Berkshire Hathaway din ultimii trei ani
Latest News
22:54
Radu Miruță announces the elimination of the bridge toll at Fetești and Vadu Oii with the implementation of the TollRo system
22:39
A prisoner escaped from a work site in Târgu Jiu but was apprehended approximately one and a half hours later
22:38
A Republican senator calls for a congressional investigation after a Kremlin ally funded festivities for Donald Trump Jr.'s wedding
22:30
Lithuania’s parliament voted to lift the ban on nuclear weapons and foreign military bases
22:27
At the UN, Donald Trump declared himself a peacemaker, but warned that he could “annihilate” Iran if no agreement is reached
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
