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Berkshire's energy unit to buy Canada's AltaLink for $2.9B

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc.
Scott Eells | Bloomberg | Getty Images
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc.

Berkshire Hathaway Inc's energy unit said it would buy Canadian electrical transmission company AltaLink LP for about $2.9 billion in cash from SNC-Lavalin Group Inc.

Berkshire Hathaway Energy said its MidAmerican Transmission unit and SNC-Lavalin would jointly pursue transmission projects in North America.

AltaLink is Alberta's largest transmission provider.

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