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Billionaire Bill Gates’ investment firm has announced that it will take control of the iconic Canadian hotel chain, Four Seasons.
The founder of Microsoft, Bill Gates, has always had a great interest in the hotel sector, proving it once again with this new investment.
The operation was carried out for an amount approaching 2.2 billion dollars, to buy the shares of the Saudi Al Walid ben Talal in Four Seasons and become, in conclusion, the majority shareholder of the hotel chain.
Bill Gates held 47.5% of the hotel group’s shares via Cascade Investments, the fund responsible for growing his fortune, and will thus control 71.25% of the capital.
The deal values Four Seasons at $10 billion, up from $3.7 billion when he took a stake in 2007.
The deal is expected to close by January 2022. To be continued…
Read also > LVMH ACQUIRES PUBLISHER CITADELLES & MAZENOD
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Billionaire Bill Gates’ investment firm has announced that it will take control of the iconic Canadian hotel chain, Four Seasons.
The founder of Microsoft, Bill Gates, has always had a great interest in the hotel sector, proving it once again with this new investment.
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Billionaire Bill Gates’ investment firm has announced that it will take control of the iconic Canadian hotel chain, Four Seasons.
The founder of Microsoft, Bill Gates, has always had a great interest in the hotel sector, proving it once again with this new investment.
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