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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.

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.

 

Full content: El Economista

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