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Warren Buffett's Berkshire Hathaway is reportedly close to buying an electric-utility giant

Akin OyedeleAug 26, 2024, 19:38 IST

Berkshire Hathaway's energy business is close to a deal to acquire Oncor, the electric-utility company based in Texas, according to The Wall Street Journal.

The deal could be announced as soon as Thursday, reported Dana Mattioli and Nicole Friedman, citing people familiar with the matter.

In late June, Berkshire invested $377 million in Store Capital, a real estate investment trust.

More to come ...

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