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Canada: Warren Buffett subsidiary buys top electricity firm

By  |  May 4, 2014

A subsidiary of Warren Buffett has acquired one of the largest regulated energy transmission firms in Canada, according to reports.

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    AltaLink will be bought by Berkshire Hathaway Energy in a deal worth nearly $3 billion. Reports say the companies expect to close the dal by the end of the year.

    The Montreal-based firm, a subsidiary of Buffett’s Berkshire Hathaway, will acquire the assets from AltaLink’s current owner, SNC-Lavalin.

    The deal remains subject to approval from various regulators, including the Alberta Utilities Commission.

    Full content: Canadian Manufacturing

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