American businessman Warren Buffett seized nearly $ 10 billion in energy assets in his first investment deal for Hathaway Berkshire since the Corona pandemic, which saw Buffett exit from Multiple investment assets.
According to ArabiaNet, the deal includes the acquisition of $ 4 billion in assets owned by Dominion’s natural gas transportation and storage company, in addition to virtual debts of approximately $ 6 billion, According to the American CNBC.
The deal marks a turning point in Hathaway Berkshire's investments in the US energy sector, as the company will be responsible for about 18% of natural gas transfers between US states, compared with about 8 % Only for now.
Buffett said that during the annual meeting of investors last May, Buffett said that his company was able to achieve an estimated liquidity of about $ 137 billion with the decline in financial markets, as Buffett exited his investments in several sectors. .
Buffett earlier decided to leave the airline’s stock, describing the investment’s decision as wrong, as he exited from stakes in the top 4 US airlines that reached the end of last year. 11% in Delta Air Lines, 10% in American Air Lines, the same percentage in Southwest Airlines, and 9% in United Airlines.
Buffett said at the time, in an interview with a network at the time, CNBC, that the size of those investments ranged between 7-8 billion dollars, noting that no gains were made from Those investments.
After selling the assets, Dominion warned that its operating profit for the current year would drop to $ 3.37 per share, compared to expectations of $ 3.63 per share before the completion of the deal.
