Bill Gates pays $392 million for Tecate

Bill Gates buys stake in Mexican brewer Femsa
 — Reuters

Billionaire Bill Gates has taken a stake worth $392 million in Mexican brewer Femsa, according to a U.S. Securities and Exchange Commission filing on Thursday.

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Femsa has three divisions: its soft drinks unit, Coca-Cola Femsa, (KOF.N: Quote, Profile, Research) (KOFL.MX: Quote, Profile, Research), its beer subsidiary, and also a retail operation, which runs Latin America’s largest corner store chain, known as Oxxo.

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Via Gizmodo.

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