It was reported late December that George Soros had purchased a 3% stake in Spanish construction group Fomento de Construcciones & Contratas SA (FCC) from its founding family. Shares in the company, struggling with an overload of debt, jumped nearly 9% when the news hit the wires.
Soros buys in to FCC
That news was confirmed yesterday by the Financial Times which said Soros concluded a deal to buy 3.1% in FCC from Esther Koplowitz, the company’s largest shareholder.
It may be noted that Soros is apparently following in the footsteps of Microsoft Corporation (NASDAQ:MSFT)...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
