Berkshire Hathaway, the celebration of the investor Warren Buffett, will buy the chemistry branch of the American Western Oil Company Petroleum for almost $ 10 billion, old companies in a joint statement on Thursday.
Western will sell this division, Oxychem, to Berkshire Hathaway for $ 9.7 billion, an operation that must be completed in the fourth quarter of 2025.
Western indicates that it intends to use $ 6.5 billion of the transaction to immediately reduce its debt. It was dug during the acquisition of Crownrock gas producer in December 2023, for around 12 billion dollars.
Berkshire Hathaway, a group that weighs $ 1,000 billion
The Berkshire Hathaway Holding Holding Company, which has participation in insurance, energy or rail transport, is being strengthened in the industrial sector by having in your hands the manufacturer of chemicals used in the treatment of water, pharmaceutical products or health.
This operation could be the last great acquisition of Warren Buffett, 95, before leaving Berkshire Hathaway chief scheduled for the end of the year.
As of January 1, 2026, the billionaire, who has the reins of the eighth market capitalization in the world, will continue to be president of the Board of Directors, while the current vice president of the group, Greg Abel, will become managing director.
Berkshire Hathaway, an old textile SMEs, has become a gigantic conglomerate. The group now is worth more than $ 1,000 billion.
He has dozens of companies (from Duracell batteries to the American insurer Geico) and actions in carefully selected companies, from Coca-Cola to Bank of America, through Chevron or American Express.
Source: BFM TV
