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17/08/2017at 09:57

Warren Buffett refuses to raise billion-dollar bid on utility

Berkshire Hathaway has declared that the company will stick to its bid for a US utility despite credit maneuvers which could impact the deal.
Photo: /ritzau/AP/Nati Harnik
Photo: /ritzau/AP/Nati Harnik
by MAZ PLECHINGER

Executives at Berkshire Hathaway have refused to increase the bid on Texan utility Oncor. The company's CEO Warren Buffett and president of the energy division, Greg Abel, have declared that the company "will stand firm on its USD 9 billion offer" to take over 80 percent of the debt-plagued company, reveals a press release from Berkshire Hathaway. The offer was made in July and factoring in debt, values Oncor at USD 18.1 billion.

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  • Senior Specialist in electrical design of HV/MV substations

  • Project Manager - AURA Installation

  • Financing Associate

  • Asset Management Coordinator

  • Customer Advisors for Utility Products

  • Regulatory Lawyer for CCUS

  • Executive Director

  • Asset Manager (Denmark) - help drive tomorrow's energy projects

  • Senior Engineering Project Manager

  • Engineer for cable projects on energy islands - recent graduate or with a few years' experience

  • Energy Analyst

  • Responsible for MR stations

  • Head of Biogas for global renewable company

  • Director - Project Management (DK)

  • Do you have an inner Electrician or Utility Operator in your belly?

  • Innovative Engineer to secure critical infrastructure

  • Engineer or mechanical engineer for the green transition

  • Construction Project Manager for onshore wind turbines and solar farms

  • Strategic Business Developer for CO2 and Hydrogen Infrastructure

  • Operations Technician

  • Area Manager for Energy Supply Strategy in the Capital

  • Electrical Engineer specialised in PV systems

  • Head of Office for Advice on Fundamental Functions

  • Be part of creating energy on time - as a Senior Process Consultant at Energinet

  • Installers for the electricity grid and the green transition

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