Warren Buffett prefers absorption and is ready to spend $ 10 billion on them

American billionaire and head of Berkshire Warren Buffete said the investment company Berkshire Hathaway Inc. It can spend up to 10 billion dollars on the next absorption, Bloomberg reports.

So far, Buffetus does not have any certain plans for merging and acquisition, but, as the billionaire said during a working trip to Tokyo, he can invest, if it considers it necessary, from $ 8 to 10 billion.

Buffett said: “We prefer an absorption. We spent about $ 8.7 billion on the purchase of Lubrizol. We would really like to make another similar one, we can handle it. We can cope with something and larger. We will not have problems with a 10 billion transaction.”

This year, the investment company Berkshire Hathaway, owned by Warren Buffete, acquired IBM shares by more than $ 10 billion, and also poured 5 billion into Bank of America Corp. and completed the purchase of Lubrizol Corp. for 9 billion.

Last year, the company spent $ 26.5 billion for the purchase of 77.5% of the shares of the Northern Santa Fe railway company.

Among the company's investments in Asia are shares in the Chinese automaker BYD Co. And the South Korean steel company Posco.

In addition, the Israeli company ISCAR METALWORKING COS., Owned by Berkshire Hathaway, in 2008 acquired 71.5% of the Japanese Tungality Corp., producing equipment for cars and aircraft.

Buffett is ready to invest in Japan, noting that, despite the consequences of the March catastrophe, Japanese industry and business have excellent potential.

Buffett was not embarrassed by the trip to Ivaki, which is only 40 kilometers from the emergency Fukushima. In Ivaki, the Tungability Corp company is located, 80% of the shares of which are managed by Buffeta.