November 23, 2024

Taylor Daily Press

Complete News World

Bill Gates buys nearly 0 million worth of AB InBev stock

Bill Gates buys nearly $100 million worth of AB InBev stock

A filing with the US securities market watchdog SEC shows that the Bill & Melinda Gates Foundation Trust has bought $96.6 million worth of shares in beer giant AB InBev. The brewery lost its stock market status after a collaboration between Bud Light and transgender woman Dylan Mulvaney. Conservative country singers called for a boycott of the beer brand.

Why is this important?

AB InBev has started a difficult recovery movement since the end of the Corona crisis. Over the past two years, the beer giant’s share price has crossed the €60 mark only a few times. The last time the brewer had success was at the end of March. But this price increase ended suddenly after a collaboration with a transgender woman.

In the news: Bill Gates bought a total of 1.7 million shares of AB InBev stock through his fund in the second quarter, a 13F filing with the Securities and Exchange Commission shows. This stock package is worth $96.6 million

  • The filing does not provide details about the purchase price or when the Microsoft founder purchased the securities. So it’s not clear how much the Gates Fund is paying per share. All we know is that it raised shares during the second quarter

This featured article is exclusive to subscribers

See also  Ethical hacker cites Autogids.be as data breach among 600,000 car enthusiasts: 'I just wanted to help, but now I'm accused of theft' | Technique

Now read 3 articles for free per month!

Do you think about the future, about the future of tomorrow? Business AM is your guide through change. Don’t follow the facts and be part of the fastest growing business site in Flanders.

Are you already a subscriber? Log in and get access to all premium articles.