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...News round-up General Atlantic takes first step towards potential US listing (FT) Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal...
...Jeff Ubben launched Inclusive Capital Partners in 2020 with high hopes and much publicity. The firm typically buys stakes in non-ESG friendly companies in an attempt to drive change from within....
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...He and his partner Charlie Munger fielded questions as usual about Berkshire’s capital allocation choices....
...The letter was a brief 10 pages, about half the length of his letters since 2000, and included almost a page of quotes from his longtime partner Charlie Munger....
...Woodside Petroleum completed a merger with BHP’s oil and gas business this year, while Santos merged with rival Oil Search in a A$21bn deal last year....
...In the first quarter, for example, Berkshire Hathaway dipped into its massive cash pile to place multi-billion-dollar bets on oil majors Chevron and Occidental Petroleum — one of its most active quarters...
...A version of this article was first published by Nikkei Asia on March 21 2022. ©2022 Nikkei Inc....
...The French group Arkema sold its acrylic business, which relies on petroleum to create the products, to Trinseo in May. Evonik sold a similar business to Advent in 2019....
...A version of this article was first published by Nikkei Asia on October 11 2021. ©2021 Nikkei Inc....
...A version of this article was first published by Nikkei Asia on November 30 2021. ©2021 Nikkei Inc....
...“I would expect on the producer side, we’re going to continue to see more bankruptcies,” said Charles Beckham, a Haynes and Boone partner....
...For 1kg of ABS, it needs about 2kg of petroleum. Eager to wind down plastic use, Lego has been seeking for years to develop environmentally-friendly bricks....
...It’s reminiscent of Buffett’s deal with Occidental Petroleum last year when Berkshire provided the energy group’s boss Vicki Hollub with a $10bn loan to buy rival Anadarko Petroleum without needing a shareholder...
...The Swedish private equity firm EQT Partners has found a way....
...Many of these assets have some crossover and opportunities for collaboration with Berkshire’s expansive portfolio that ranges from iPhone maker Apple, car insurance company Geico, oil producer Occidental Petroleum...
...Last year Buffett did spot an opportunity to make a $10bn investment in Occidental Petroleum, that pays a handsome $800m annual dividend, much to the chagrin of Carl Icahn....
...Buffett gets PIK’d off at Occidental When Occidental Petroleum agreed a $10bn financing deal with Warren Buffett to buy Anadarko Petroleum, it angered the company’s shareholders in two ways....
...That complex deal saw his friend and business partner Alexander Schütz, an Austrian financier, elected to Deutsche’s supervisory board....
...Icahn almost quadrupled his stake in Occidental Petroleum and continued his attack on the company’s chief executive....
...Job moves K&L Gates has hired Raphaël Bloch as a partner in its corporate and M&A practice in Paris. He joins from Allen & Overy....
...For over two decades the Georgian townhouses of Mayfair were home to GLG Partners....
...Perella Weinberg Partners has elected two new partners, Doug McGovern in New York, and Cyrille Perard in Paris....
...And where there’s a hostile takeover, you can be sure to find Carl Icahn (see: Occidental Petroleum)....
...China Concord Petroleum, Pegasus 88 Limited, Kunlun Shipping Company and Kunlun Holding Company were also sanctioned....
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