Bill Gates bites Spanish market again with Prosegur’s little purchase

Spanish midcap Prosegur increased its stock market price over 3% to 4.60 euros per share after rumours about an eventual acquisition by US billionaire Bill Gates reached the markets.

Last January 10th, the private security company sold 4% of its treasury stocks by a transaction valued at €123,2 million. Price and exact percentage have not been communicated yet to CNMV’s Spanish authorities, but Gates would have purchased about 2-3% of that treasury shares. “Investors’ appetite for the company illustrates as well market’s confidence on Prosegur’s medium and long term strategy”, analysts at Ahorro Corporacion said.

On the other hand, Prosegur still holds a 3,047% of treasury stocks that could be used for additional potencial acquisitions, according to recent comments from the company.

About the Author

Julia Pastor
Julia Pastor has broad experience in business writing for Consejeros Media Group at Consejeros, Consenso del Mercado and The Corner. Previously, she worked for the financial news agency GBA and contributed to El País Business. She holds a Master's in Financial Journalism and a degree in English from the Complutense University in Madrid.

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