Bill Gates invests into ethanol

Posted on Tuesday, Apr 25 2006 @ 23:10 CEST by Thomas De Maesschalck
CNN reports Bill Gates now holds a 25.5 percent stake in Pacific Ethanol.
Gates acquired 5.25 million shares convertible preferred stock on April 13 for $16 per share, the filing said. Those shares are convertible to 10.5 million shares of common stock.

Pacific Ethanol is building an ethanol production facility in California and said in late March it hoped the deal with Cascade Investment, Gates's investment vehicle, would close by mid-April.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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