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Mr Buffett, who is also the world's richest individual, is travelling around the continent on the lookout for acquisition opportunities for his Berkshire Hathaway vehicle, reports the Times.
He recently told announced at an annual meeting of shareholders that he was "probably close" to an acquisition in the UK.
There is speculation that MR Buffett is pursuing M&A targets in Europe, anticipating that the dollar will fall further.
Speaking at a news conference, the 77-year-old investment guru said the credit crunch was far from over and its effects will be far-reaching and long-lasting.
The Guardian reports that Mr Buffett's no-nonsense approach to investing involves opting for companies he understands and that are selling for a reasonable price.
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