Why Bill Gates Is Making a $155 Million Bet On Spain

The Puerta de Europa towers were built by Fomento de Construcciones y Contratas Photograph by Sylvain Sonnet/Corbis

Spanish infrastructure group Fomento de Construcciones & Contratas disclosed in a regulatory filing on Oct. 21 that Bill Gates, the world’s richest man, has taken  a 6 percent stake in the company for €113.5 million ($155 million). The investment in Barcelona-based FCC is one of the few Gates has made outside North America. It was made by “one or more entities” related to Gates, according to the filing. Representatives of Kirkland (Wash.)-based Cascade Investment, Gates’s main investment vehicle, couldn’t immediately be reached.

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