The day he announced his $28bn deal to buy Heinz, the US food group, Warren Buffett, known as the “Sage of Omaha”, waxed lyrical on US television network CNBC about his partner in the transaction, a Brazilian group led by investor Jorge Paulo Lemann.
Describing how his Berkshire Hathaway group will act as the financial investor in the takeover and Mr Lemann’s 3G will take care of operations, Mr Buffett said: “It’s my kind of deal and it’s my kind of partner.”
He could just as easily have been summing up the growing business relationship between Brazil and the US as companies from the two increasingly focus on cross-border deal making.
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