Warren Buffett Looking For Big Companies For Acquisition Targets

Warren Buffett is looking for big companies for acquisition targets. The famous investor is ready to acquire companies from anywhere in the world.

Last week, Berkshire Hathaway, a company based in Nebraska who is also the main shareholder of Coca Cola and Wells Fargo, had announced bought Lubrizol, U.S. specialty chemical manufacturer, worth U.S. $ 9 billion. The purchase was based on speculation growth of this industry in developing countries.

Buffett, who was ranked world's third richest person on Forbes list in 2011 said it would bought entire share capital and big business in South Korea. He further said that the geopolitical risks in North Korea does not reduce his interest of South Korea.

Berkshire now owns stakes in South Korean steel companies POSCO and Chinese battery maker BYD.

Buffett flew to the southeastern city of Daegu, South Korea on Sunday night for attend the inauguration ceremony of the factory. Earlier this week he is also scheduled to meet South Korean President Lee Myung. Then he will travel to India on Tuesday for start a companies selling insurance portal.