Berkshire Hathaway in Talks to Buy Occidental’s Chemicals Business ...Middle East

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Berkshire Hathaway in Talks to Buy Occidental’s Chemicals Business
source : OILPRICE ( Middle East ) () 68
Berkshire Hathaway is negotiating the acquisition of the petrochemicals business of Occidental Petroleum in a deal that could fetch $10 billion for the oil major, the Wall Street Journal has reported, citing unnamed people familiar with the talks. According to these people, the deal could close in a few days, with WSJ noting that if closed, the deal would be Berkshire Hathaway’s largest acquisition since 2022, when it paid $11.6 billion for insurance company Alleghany. Warren Buffett’s investment company is already the largest shareholder…

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