News article

Buffett 'open' to minority stakes in Europe

Buffett 'open' to minority stakes in Europe
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Multibillionaire Warren Buffett has said, in addition to 100 per cent acquisitions, he is prepared to buy minority stakes in European companies, it has been reported.

The stocks and shares guru, who two years ago gave $31 billion (£15.7 billion) of his own fortune to Bill Gates' charitable foundation, is currently halfway through a four-day tour of Europe on a mission to bolster his portfolio of business interests.

According to Mr Buffett, there is a dearth of investment options in the American stocks and shares market due the prevailing economic pessimism, reports Bloomberg.

Other than his recent philanthropic endeavours, Mr Buffett is relatively unknown outside the US. Unlike most traditional investors, however, he bypasses bankers and lawyers arranging business deals himself.

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