A PYMNTS Company

Brazil: CADE approves Warren Buffet´s Duracell buy

By  |  May 17, 2015

Warren Buffett´s company Berkshire Hathaway has received approval from the Brazilian watchdog CADE for their $4.7 billion* purchase of Duracell from Procter & Gamble last week. Berkshire Hathaway is paying for its latest acquisition by trading its stake in Procter & Gamble for the consumer stalwart’s battery unit.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Duracell deal, which is expected to close by the second quarter of 2015, will likely save P&G a significant amount of tax as well. P&G inherited Duracell as part of its $57 billion purchase of Gillette in 2005.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

     

    Full content: El Economista

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.