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Warren Buffett’s Successor Gets a Path to Boost His Stake in Berkshire

  • Firm’s energy unit bought Greg Abel’s Stake for $870 Million
  • He owns a fraction of the shares Buffett has in Berkshire
Greg Abel, center, during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in April.
Greg Abel, center, during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in April.Photographer: Dan Brouillette/Bloomberg

Succession planning at Warren Buffett’s Berkshire Hathaway Inc. just got a little more interesting.

In a quarterly filing released alongside Berkshire financial results was the disclosure that Vice Chairman Greg Abel’s common stock in Berkshire Hathaway Energy was purchased by the subsidiary for $870 million in June.