Welcome back everybody. Bergkshire Hathaway is reportedly speaking with Accidental Petroleum about buying the company's prochemical business for about $10 billion. The Wall Street Journal says that a deal could come together within days.A deal to buy the accidental unit would be Berkshire Hathaway's biggest since 2022 when it paid more than 11 billion to buy insurer Alagany. Bergkshire Hathway is accidental Petroleum's largest shareholder. There have been a lot of questions about what would happen with this ...

Berkshire Hathaway is negotiating the acquisition of the petrochemicals business of Occidental Petroleum in a deal that could fetch $10 billion for the oil major, the Wall Street Journal has reported, citing unnamed people familiar with the talks. According to these people, the deal could close in a few days, with WSJ noting that if closed, the deal would be Berkshire Hathaway’s largest acquisition since 2022, when it paid $11.6 billion for insurance company Alleghany. Warren Buffett’s investment company ...

The ABC Region in São Paulo, Brazil, refers to an industrial metropolitan area composed originally of three cities: Santo André (A), São Bernardo do Campo (B), and São Caetano do Sul (C). These three cities form a major industrial hub south of São Paulo city and are renowned for their significant automotive, petrochemical, and metallurgical industries. Opened in 1972, the ABC region’s raw material plant was part of the first petrochemical complex to begin operations in Brazil. Installed in Santo André, the ...

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc (BRK-A). is nearing a deal to acquire Occidental Petroleum Corp.’s petrochemical business for about $10 billion, according to a person familiar with the matter. Most Read from Bloomberg The transaction could be announced in coming days, the person said, asking not to be identified because the talks are confidential. It would be Berkshire’s largest deal since its acquisition of Alleghany Corp. in 2022 for $13.7 billion, according to data compiled by Bl ...

潜在收购交易 - 伯克希尔公司正就收购西方石油公司化工业务进行谈判 [1] - 潜在交易金额高达100亿美元 [1] 市场预期 - 若交易达成，市场将感到意外 [1] - 分析师认为该交易将令市场惊讶 [1]

Berkshire Hathaway is in talks to buy Occidental Petroleum's petrochemical unit for about $10 billion, the Wall Street Journal reported on Tuesday citing people familiar with the matter. ...

Warren Buffett's sprawling conglomerate could unveil its largest deal in years in the coming days. ...

Petro Rabigh shareholders approve SAR 5.26 bln capital hike Rabigh Refining and Petrochemical Co. shareholders approved, during the extraordinary general meeting (EGM) held on Sept. 29, the board's recommendation to increase capital by 31.5% (SAR 5.26 billion) and allocate to founding shareholders Saudi Arabian Oil Company (Saudi Aramco) and Sumitomo Chemical Company Ltd.   For More IPOs   According to a statement to Tadawul, a part of the proceeds will go to repay phase two project facilities and bridge l ...

Asia is poised to spearhead the global polyethylene terephthalate (PET) capacity additions by 2030, mainly due to its escalating demand for PET from various end-use application segments such as packaging, fabrics and textile industries. Moreover, the region benefits from favourable raw material availability and low labour costs, making it cost-effective for mass PET production. Asia is anticipated to add a PET production capacity of 6.40 million tonnes per annum (mtpa) during 2025 to 2030 from three pla ...

Occidental Petroleum is reportedly in talks to divest its petrochemicals division, OxyChem, in a deal that could be worth up to $10 billion and would create one of the largest independent petrochemicals companies in the world. The Financial Times wrote, citing unnamed sources in the know, that the deal could be wrapped up within a few weeks unless it hits a snag at the last moment, with the sources saying the talks could still fall through. “The identity of the buyer could not immediately be established,” ...