Arab Today, arab today buffett buys german motorcycle gear retailer
Last Updated : GMT 18:20:30
Arab Today, arab today
Arab Today, arab today

Buffett buys German motorcycle gear retailer

Arab Today, arab today

Arab Today, arab today Buffett buys German motorcycle gear retailer

Warren Buffett is getting into motorcycle gear
New York - AFP

Warren Buffett is getting into motorcycle gear, snapping up a German retailer in a rare investment by his Berkshire Hathaway in Europe in recent years.
The acquisition of the privately held Detlev Louis Motorrad-Vertriebs was announced Friday by the company's legal counsel, Beiten Burkhardt.
The sole heir and widow of company founder Detlev Louis sold all the shares to Berkshire Hathaway after the seller approached the US firm, the law firm said
The deal was worth 400 million euros ($456 million), according to Bloomberg News.
Detlev Louis sells helmets, motorbike clothing and accessories in more than 70 stores in Germany and Austria, as well as online. The company's headquarters will remain in Hamburg, the law firm said.
Investment guru Buffett, the world's second-richest man, already had hinted in early February that he had eyes on Europe.
"We're probably going to buy a small business in Europe. But I'd love to buy big ones," he told FOX Business.
Buffett's company typically focuses on acquisitions in the United States.
In the automobile sector, Berkshire Hathaway announced in October it was buying the Van Tuyl Group, the nation's largest privately owned auto dealership and the fifth largest of all dealership groups, for more than $8 billion.
The storied investor also lent $303 million in 2009 to Harley-Davidson to help the stricken US motorcycle maker stay in business during the recession.

 

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today buffett buys german motorcycle gear retailer Arab Today, arab today buffett buys german motorcycle gear retailer

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today buffett buys german motorcycle gear retailer Arab Today, arab today buffett buys german motorcycle gear retailer

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday