Warren Buffett's investment company Berkshire Hathaway Inc. is interested in acquiring further utility companies in coming years, the U.S. billionaire said on Monday during a visit to Israel.
In March, Berkshire's MidAmerican Energy Holdings Co. unit bought the western U.S. utility PacificCorp from Scottish Power Plc for $5.1 billion in cash.
On his first trip to the headquarters of Israeli metal tools maker Iscar Metalworking Cos., which Buffett's company bought 80 percent of in May for $4 billion, Buffett told reporters: "We are interested in acquiring additional utilities.
"My guess is in the next 10 years we will buy one or two or three good-sized ones. You never can tell when they will come along."
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He added that his firm was familiar with all the utilities in the United States and some outside the U.S.
"We look at anyone that indicates an interest," Buffett said."
© Reuters 2006.
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