Buffett's firm adds German real estate broker to its network

Berkshire Hathaway's real estate brokerage is expanding overseas with a new franchisee in Germany.

Berkshire Hathaway HomeServices said Monday it is adding Berlin-based Rubina Real Estate to its network.

Financial terms weren't disclosed.

The deal gives Warren Buffett's Berkshire Hathaway conglomerate another affiliate in Germany and helps raise the Omaha, Nebraska-based company's profile in Europe.

Buffett is searching for sizeable acquisitions to invest Berkshire's more than $116 billion cash into.

Gino Blefari is CEO of the real estate network. He says more international franchises are likely.

Berkshire Hathaway HomeServices is based in Irvine, California. It includes over 45,000 agents and 1,400 offices in America.

Rubina Real Estate focuses on helping international investors buy German property. It will become Berkshire Hathaway HomeServices Rubina Real Estate next month.