Warren Buffett rebuffs rumours of Greek island purchase but estate agent claims a deal will happen "sooner or later"

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The 84-year-old Berkshire Hathaway chief has publicly denied a report that appeared in a Greek newspaper over the weekend that he had snapped up St Thomas island, south west Athens, along with the agent, Alessandro Proto.

Calling the report, which was later picked up by other media outlets, a “total fabrication”, he told Reuters that he did not know Proto.

“Until the reports started coming out I had never heard of the guy who is making the claims about the Greek Island,” he told the news agency in a statement.

But while a representative for Proto’s company, Proto Enterprises, said the comments had been misinterpreted, she insisted a deal was still a possibility.

Proto is even hoping to capitalize on the media coverage to “get directly to Mr. Buffett,” Federica Sala, Proto’s manager assistant, told Reuters.

 

In a spin on Buffett’s famous phrase – “you only find out who is swimming naked when the tide goes out” – she said: “It’s only when the tide goes down you see who is dressed.

“And in this particular case Mr. Proto is dressed and will sell an island in Greece to Mr. Buffet sooner or later.”

Source Article from http://www.standard.co.uk/business/business-news/warren-buffett-rebuffs-rumours-of-greek-island-purchase-but-estate-agent-claims-a-deal-will-happen-sooner-or-later-10407910.html

July 23, 2015 |
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