E-Malt.com News article: Mexico: Bill Gates invests in Femsa

Microsoft chairman Bill Gates has bought a 3% stake in Mexican brewer Femsa, the firm behind Sol lager, according to BBC News, December 21.

The investment, revealed in a filing with US stock market regulators, was made through his asset management firm Cascade Investment.

Cascade spent $392m (£197m) on building up its holding in the Monterrey based firm - in business since 1892.

Femsa's US listed shares jumped 7.5% on the news while its Mexican-listed shares rose 7.4%.


21 December, 2007