Buffett: Berkshire Hathaway still shopping abroad
Billionaire investing icon Warren Buffett said on Tuesday that there are dozens of countries in which his Berkshire Hathaway Inc. conglomerate would be interested in buying new businesses, Reuters reported.
Berkshire earlier this year agreed to acquire a German motorcycle apparel and accessories retailer, a purchase that Buffett described as an advertisement to markets that he is shopping abroad.
“It was an ad. It was an ad that paid us,” said Buffett, 85, who over the past five decades has built Berkshire Hathaway into one of the world’s most valuable companies. He is the world’s third-richest person, according to Forbes.
“I like larger economies simply because we want to buy things of size, but there’s dozens of countries I would be delighted to buy in,” he said. “The price would have to be right too.”
Buffett is particularly known for acquisitions. Berkshire Hathaway now includes more than 80 companies, selling everything from ice cream to insurance. Among its holdings are Berkshire Hathaway Energy, parent company of MidAmerican Energy Co.
He spoke to Reuters in an interview while in New York for the Glide Foundation’s 16th annual event charity lunch. Glide is a nonprofit in San Francisco’s Tenderloin district that provides food, health care, rehabilitation and other services to the poor and homeless.
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