by Niels Saelens
published on Monday, September 11, 2023 at 8:14 PM •
4 min read
A filing with the American stock market watchdog SEC shows that the Bill & Melinda Gates Foundation Trust has purchased $96.6 million worth of shares in the beer giant AB InBev. The brewer lost ground on the stock market 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 only crossed the 60 euro mark a few times. The last time the brewer succeeded was at the end of March. But that price increase came to an abrupt end after a collaboration with a transgender woman.
In the news: Bill Gates purchased a total of 1.7 million shares of AB InBev through his fund in the second quarter, a so-called 13F filing with the SEC shows. That share package is worth a total of $96.6 million
The filing does not provide details about the purchase price or when the Microsoft founder purchased the securities. So it is not clear how much Gates’ fund paid per share. All we know is that it raised the shares during the second quarter
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2023-09-11 18:16:45
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