Tag Archives: sale

A Buffett-Style Deal

Investing legend purchases Dominion Energy assets For his first major move in four years, investing magnate Warren Buffett turned to the energy sector, purchasing the gas transmission and power storage assets of Dominion Energy, the Richmond-based utility. An affiliate of Buffett’s Berkshire-Hathaway conglomerate took on the Dominion sale for approximately $9.7 billion, the companies announced […]

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Hitachi Buys ABB Power Grids

Baldor’s parent company will focus on industrial customers after “significant milestone” Hitachi completed a buyout of a majority of ABB’s Power Grids unit July 1, according to a BusinessWire press release. ABB, whose portfolio is focused on industrial customers, called the move “a significant milestone in the company’s transformation towards a decentralized global technology company” in […]

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