Microsoft Money for Ethanol
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Posted by Cindy Zimmerman – April 25th, 2006
Over one quarter of Pacific Ethanol is now owned by Microsoft mogul Bill Gates. According to Reuters, Gates acquired 5.25 million shares convertible preferred stock on April 13 for $16 per share. 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. Darn close.
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Domestic Fuel » Archives » Pacific Ethanol Plant Complete
[...] This is the plant with Microsoft money behind it (see previous post) – Bill Gates personally invested about $84 million dollars in Pacific Ethanol back in April. Read more on Ethanol / Facilities [...]
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