The legendary star investor Warren Buffett is already one of the richest people in the world. But the stock market guru wants even more: German companies are on his shopping list
“My prediction:. We are at least one acquisition in the next five years make “Star-investor Warren Buffett said at the annual general meeting of his investment firm Berkshire Hathaway in Omaha, Nebraska. Compared to US companies the conditions in Germany are favorable.
“We have a long time in Europe struggled with acquisitions,” added Buffett Vice Charlie Munger at the 50th anniversary of the traditional shareholders meeting in Buffett’s hometown. But Germany’s companies are traditionally strong, when it came to technology and engineering. “We admire that.”
Hamburger In February company swallowed
In February Berkshire Hathaway had already adopted the Hamburg firm Louis, a dealer for motorcycle accessories. “We have Germany now much more on the radar as they did a few years,” Buffett said. The account of their flair for lucrative investment opportunities the “Oracle of Omaha” called investors legend also holds for a long time a large block of shares in the reinsurer Munich Re .
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The money machine of star investor Warren Buffett running in time for the 50th anniversary celebration in full swing His investment company Berkshire Hathaway earned in the first quarter bottom line $ 5.16 billion (approximately 4.6 billion euros), as the company announced on Friday. These were ten percent more than the same period last year and had a little more than analysts predicted. Sales rose by seven per cent to $ 48.64 billion.
Huge companies Collection
Berkshire Hathaway holds a portfolio of more than 80 subsidiaries and stakes in large corporations such as Coca-Cola , IBM and Munich Re. In March Buffett had arranged together with the Brazilian private equity firm 3G the merger of US food giant Heinz ketchup and Kraft Foods. The figures were presented at the start of a big party to celebrate the 50th annual shareholder meeting in Buffett’s hometown Omaha in Nebraska
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