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Bill Gates Becomes Second-Largest Shareholder in FCC

People ♦ Published: October 22, 2013; 12:09 ♦ (Vindobona)

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Spanish construction company and parent company of Austrian Alpine has a new shareholder: Founder of Microsoft Bill Gates has aquired a participation of around six percent.

Bill Gates Becomes Second-Largest Shareholder in FCC / Picture: © Microsoft

Gates has aquired a six-percent-participation in return for € 113.5m, as announced by parent company FCC of insolvent Austrian construction enterprise Alpine. At the stock exchange in Madrid FCC’s shares increased by around 13 percent on Tuesday morning after the announcement. After a record high in 2007 at the peak of real estate boom in Spain the construction company’s shares…