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

Thu May 1, 2014 6:41pm EDT
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May 1 (Reuters) - 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. (Reporting by Sweta Singh in Bangalore; Editing by Savio D'Souza)