Buffett about to buy Precision Castparts by 30 billion – El Periodico de Mexico

New York, Aug 8 (EFE) .- The group Berkshire Hathaway, owned by billionaire Warren Buffet, is on the verge of closing a deal to buy the company for about Precision Castparts 30,000 million, as reported by The Wall Street Journal today.

 

The agreement with Precision Castparts, which manufactures components for aircraft and other equipment of energy production, could be announced in the coming days, according to people close to the negotiations cited sources as saying.

 

finally confirmed the operation, would become the largest acquisition in the history of the legendary US investor conglomerate, a regular on lists of the richest men in the world.

 

To

date, the largest purchase by the group led by the “oracle of Omaha”, as he is known to Buffet was in 2010, when it invested about 26,000 million dollars to buy Burlington Northern Santa Fe recalls saying.

 

Founded in Portland (Oregon) in 1949, Precision Castparts is a leading manufacturer of casting large and complex structural investment, serving aerospace and energy markets and is valued at about 26,700 million dollars.

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