Bill Gates Invests €113.5 Million In Spanish Construction Firm FCC

Bill Gates has purchased a €113.5 million stake in Spanish construction firm FCC (Fomento de Construcciones & Contratas SA), giving its share price an 11% boost to €17.55 today. Gates is now the second-largest shareholder with 6% of the company, the AFP reports. FCC shares were up more than 5% on Monday, signaling that other investors may have detected Gates’ large acquisition (such purchases can be difficult to hide).

FCC is diversifying away from the Spanish market

FCC is diversifying away from the Spanish market, building three metro lines in Riyadh...