Monday, March 21, 2011

Warren Buffett desires to boost up investment in Asian business deals

Warren Buffett, a gigantic investor is watching to enhance his investments in Asia to valve more into the constituency's development.
He said his company Berkshire Hathaway wants to purchase whole business or huge shares in South Korea. Mr. Buffet is on his visit to Korea to watch over the start of construction at TaeguTec, a metal-cutter developing firm which he purchased in 2006.
As per Forbes magazine survey, he is the third wealthiest man in the world. 
His company Berkshire has already taken over stakes in South Korean steel maker POSCO and Chinese car and battery manufacturer BYD.
Berkshire wants to add more deals to its pocket, with US$ 38bn cash at the end of last year.
Last month on the occasion of annual letter to shareholders, Mr. Buffett said we required main achievement to enhance more. Last week, Mr Buffett got one of his biggest gaining ever, as he decided to purchase chemical and lubricants company Lubrizol in a deal worth $9bn.
Though Mr. Buffett’s company is founded in the US but he said he is keeping his options open for more achievements.
 We are analyzing to purchase biggest businesses to purchase and can make investment in any country. Mr Buffett will carry on his Asian trip with a visit to India on Tuesday.
He will begin his firm's insurance selling threshold in the country and also get together with industry owners there.

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