Originally Posted by
huxley
Sounds like BH is going to be a debt not an equity investor.
the fact buffett is even interested in providing financial backing speaks volumes dont you think.
they probably know the people running longreach quite well i imagine. the same people who started first wind in 2002 and sold it 10 yrs later for 2.5 billion are now running longreach so if the first project goes well i imagine berkshire will provide more funding to expand the company.
In the long run berkshire might even take the company over as sounded like infratil was going to sell developments as they alluded to fact that as profits in longreach are made they might use these to pay special divs to shareholder.
i would rather them build the company up in the billions then sell to berkshire than take special divs peicemeal personally
We are excellent stewards of our substantial financial resources. Backed by Berkshire Hathaway, we invest in hard assets and focus on long-term opportunities that will contribute to the future strength of the company
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