Bill Gates
The multimillionaire invests in Mexican economy
The multimillionaire Bill Gates believes in the Mexican economy and especially in the Mexican beer. According to the US Securities and Exchange Commission, Gates has just invested <b>390 million dollars</b> in the Mexican company <b>FEMSA</b>.
FEMSA is better know as Fomento Economico Mexicano. This company is situated in the Mexican northern city known as Monterrey. Monterrey is very well known for its production of Mexican beers that are very popular in the US market.
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Bill Gates
The multimillionaire invests in Mexican economy
Gates' investment in <b>FEMSA</b>, through his financial manager, <b>Cascade Investment LLC</b>., indicates that he would have a controlling stake in the company.
<b>Femsa</b>, the Mexican brewery, does a lot more than just brew booze. According to Reuters, it's also the world's second-largest Coke in Latin America.
Bill Gates
The multimillionaire invests in Mexican economy
Gates said he hopes to continue a long-term relationship with the Mexican market and plans to continue investment ventures there.
Bill Gates
The multimillionaire invests in Mexican economy
<b>Jose Antonio Fernandez</b>, president and director general of FEMSA, said that this type of investment through international channels "demonstrates a confidence in the performance and execution of our enterprise".
Bill Gates
The multimillionaire invests in Mexican economy
Some of the beers produced in Monterrey, Mexico, are Sol, Dos Equis, Bohemia, Tecate and Carta Blanca, all of them very popular in the United States.
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