It was reported late December that George Soros had purchased a 3% stake in Spanish construction group Fomento de Construcciones & Contratas SA (FCC) from its founding family. Shares in the company, struggling with an overload of debt, jumped nearly 9% when the news hit the wires. Soros buys in to FCC That news was confirmed yesterday by the Financial Times which said Soros concluded a deal to buy 3.1% in FCC from Esther Koplowitz, the company’s largest shareholder. It may be noted that Soros is apparently following in the footsteps of Microsoft Corporation (NASDAQ:MSFT) co-founder Bill Gates, who acquired…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
