Bill Gates Bets on Europe's Recovery

Could Europe's hardest-hit economies be on the mend? A Spanish investment by Bill Gates suggests it's possible.

The European economic recovery story has a new champion in Bill Gates. The man who tops Bloomberg's rankingof the world's billionaires haspaid $155 million for a 6 percent stake in Fomento de Construcciones y Contratas, a major Spanish construction and environmental services group that barely survived the financial crisis.

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