US, Bill Gates invests in FCC Spain constr5uction CO. $113.5 million Euros and becomes the second largest shareholder By La Recontra Oferta Newspaper lRON at San Jose, CA US 15:55PM 10.21.2013 The Spanish construction company FCC launches a brand new shareholder, billionaire Bill Gates , founder of Microsoft , has acquired a block of shares through various entities owned . He becomes the second largest shareholder of the group, after Esther Koplowitz , vice president of the company. As reported to the FCC s own National Securities Market Commission (CNMV ) Capacity Building and Contractors, SA has made the sale of 7,638,198 shares in treasury FCC , equivalent to 6% of its share capital . The buyer is one or more entities related to William H. Gates III , the statement said . This 57 year old American is considered by many specialized rankings richest man on the planet FCC , which on Monday had experienced the greatest advance of their actions Ibex climbing 5.4% , explained that the sale was made Gates the closing share price of Friday October 18 of 14,865 euros per share , representing a total gross of 113.5 million euros. Gates becomes the second largest shareholder of the builder . Only Esther Koplowitz has a package of more titles , because according to the records of the CNMV , directly controls 53.9 % of the company, and has shares through another company , AZATE . This 57 year old American is considered by many specialized rankings richest man on the planet. According to the classification of Bloomberg , for example , Gates has exceeded again this year Mexicos Carlos Slim , and their investments have been more profitable , and his fortune is estimated at 72,700 million ( 53,000 million euros). Now will own 6 % of FCC , although the Spanish did not specify through which companies or funds will be distributed shareholding . The construction speaks of one or more entities , and does not reveal whether Gates has used one of the vehicles through which customary makes investments , the company Cascade Investment LLC, which according to Bloomberg controlling stakes in more than two dozen companies listed companies with good returns . Also the Bill And Melinda Gates Foundation has a section on investments of various kinds. The Spanish construction company has not revealed through which entities Gates made the purchase The Spanish company said that these actions were so far in shares, ie owned by the company itself. According to the accounting rules this operation is an increase of the equity of Fomento de Construcciones y Contractors, SA for the amount passed , but without effect on the income statement for the year. The remaining number of treasury shares after this operation amounts to 242,031 shares, equivalent to 0.19 % of the share capital , says the company. According to the latest results of the Spanish , FCC lost 607.6 million euros in the first half of the year. This figure contrasts sharply with the 53.4 million profit for the same period of 2012. This change responds to the deconsolidation of the Austrian Alpine and the adjustment of the value of renewable energy assets .
Posted on: Mon, 21 Oct 2013 23:29:15 +0000
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