“Warren Buffett” acquires gas assets from the American “Diminion”


direct: American billionaire Warren Buffett decided to buy gas assets from Dominion Energy, the largest acquisition in more than four years.

A US company, Dominion Energy, said in a statement posted on its website on Sunday that a final agreement had been reached to sell gas transportation and warehousing materials to a Berkshire Hathaway company.

The acquisition comes in spite of the cautious note made by the President of the “Berkshire Hathaway” company last May about the Corona epidemic.

The value of the deal is about $ 9.7 billion, including the assumption of $ 5.7 billion in current debt, which will reduce Dominion’s total leverage debt.

This means that the buyer – Berkshire Hathaway – will pay approximately $ 4 billion in cash to Dominion.

“We are very proud to have added such an impressive array of natural gas assets to our already strong and energy businesses,” Buffett said of the deal.

On the other hand, “Dominion” company confirmed during the statement its goal towards clean energy with a target of zero zero for both carbon and methane emissions by 2050.

The company plans to invest up to $ 55 billion in emission reduction technologies including zero carbon generation, energy storage and the replacement of renewable gas and natural gas distribution lines.


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