Messina must have some pretty impressive connections. They last...

Messina must have some pretty impressive connections. They last announcement said he was the one negotiating the deal. Suddenly feeling a little better about our new MD.

Quote:
DataRoom can reveal that Berkshire Hathaway, which already owns a stake of almost 4 per cent in the $13bn listed Insurance Australia Group, had been in the final stages of negotiating alongside Transerv Energy to buy Origin’s Perth Basin for $180 million. But this was before the company’s recently appointed managing director, Frank Calabria, opted to include the asset as part of an initial public offering through Macquarie Capital and UBS.
Berkshire Hathaway is an American multinational based in Omaha that owns $US552bn of assets globally and is chaired by Buffett, who is widely tipped as the world’s greatest stock picker.
The deal was expected to act as its foundation investment in Australia’s oil and gas market after scanning the space here for some time, and while spearheaded by Transerv, it was fully funded and backed by Berkshire, which would have owned 50 per cent.