Bill Gates buys stake in Mexican brewer Femsa

[OhioChick]

Source: Reuters India

Fri Dec 21, 2007 8:03am IST

MEXICO CITY (Reuters) - Billionaire Bill Gates has taken a stake worth $392 million in Mexican brewer Femsa, according to a U.S. Securities and Exchange Commission filing on Thursday.

Gates' Cascade Investment LLC fund owns 10.81 million of Femsa's New York-traded American Depositary Shares, about 3 percent of Femsa, the world's second largest Coke bottler and Mexico's second-largest brewer. Cascade is an asset management firm owned by Bill Gates.

Gates, who is chairman of Microsoft Corp, reported the stake in a passive filing with the SEC, which does not require the investor to report when the securities were acquired or the purpose behind the transactions.

Shares in Femsa, which produces the lagers Sol, Dos Equis, Bohemia, Tecate and Carta Blanca, jumped 7.5 percent on Wall Street on Thursday and its local stock climbed 7.43 percent to 39.45 pesos.



Read more: http://in.reuters.com/article/businessNews/idINIndia-31075720071221

[htuttle]

1. Hmm..."produces the lagers Sol, Dos Equis, Bohemia, Tecate and Carta Blanca"

Which one does Bill drink?

[BrotherBuzz]

5. I'm thinking Wild Bill might be a Coke drinker

Hmmm, I believe Mexican bottled Coca-Cola® is still formulated with sugar instead of that (now) expensive corn based fructose crap.

[TommyO]

2. Proving once again that the only way to deal with Vista is by being drunk!

[OhioChick]

3. LMAO.....

http://www.youtube.com/watch?v=myaAHqAjFFc

[nadinbrzezinski]

13. Tell me about it

vista owner here... <-------- not happy

[mtnester]

4. I WISH we could get Sol beer here (Ohio)

that would be a good thing.

Some of the best beer for the money...cheap, cold and delicious

[tomreedtoon]

6. Femsa? Sounds like it contains estrogen.

Which wouldn't be bad. It would give women an excuse to drink. And the more they drink, the better I might look to them.

[nadinbrzezinski]

14. The three first letters mean I don't know what

the last two mean Sociedad Anonima, if memory serves


My,. my, been a long week

[mac56]

7. Good call, Bill.

Dos Equis Amber and Bohemia are very good beers.

[gtar100]

8. If you listen closely, you can hear the quiet, little drip of

the trickle-down economy at work.

[Deja Q]

12. You mean he's got

bladder control problems too?

[sss1977]

9. This is just in preparation...

for his upcoming Cinco de Mayo party in 2008. He's kind of going all out this time. Didn't you get your invitation?

[Didereaux]

10. DATELINE: Vista drives Gates to drink!

[Deja Q]

11. Microsoft Booze? The liquor that gives you an unexpected hangover and a blue face of vomit (BFOV).

:shrug: