Vice Chairman Greg Abel sold sold his 1-per-cent stake in the company’s Berkshire Hathaway Energy unit
said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1-per-cent stake in the company’s Berkshire Hathaway Energy unit for $870 million.
Berkshire now owns 92% of Berkshire Hathaway Energy, whose businesses include energy, utility and pipeline operations and a large U.S. real estate brokerage. “I suspect that if Abel is selling, Walter Scott’s estate might also liquidate,” said Edward Jones & Co analyst James Shanahan. He became MidAmerican’s chief in 2008, and Berkshire’s vice chairman overseeing its dozens of non-insurance businesses in 2018.
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