Buffett Takes Control of US LNG Plant With $3.3 Billion Deal
- Unit of Brookfield Infrastructure Partners holds remaining 25%
- Seller Dominion will use the proceeds to pay down debt
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Berkshire Hathaway Energy agreed to buy Dominion Energy Inc.’s stake in a Maryland liquefied natural gas export project for $3.3 billion.
The deal will boost the company’s limited partnership ownership of the terminal to 75%, while a unit of Brookfield Infrastructure Partners holds the remaining 25%, Warren Buffett’s Berkshire said in a statement Monday.