Berkshire to Purchase German Motorcycle-Equipment Retailer
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Warren Buffett’s Berkshire Hathaway Inc. agreed to buy Detlev Louis Motorradvertriebs GmbH, a motorcycle apparel and accessories retailer in Germany, for 400 million euros ($452 million) as the company expands in Europe.
Ute Louis, the widow of founder Detlev Louis, sold the Hamburg-based company to a subsidiary of Berkshire, according to an e-mailed statement Friday from law firm Beiten Burkhardt, which advised on the sale alongside Kupferberg Transactions. The retailer approached Berkshire, the law firm said. Debbie Bosanek, Buffett’s assistant, confirmed the price in an e-mail.