Registration was successful!
Please follow the link from the email sent to

Bill Gates' Investment Company Agrees to Buy Controlling Share of Four Seasons Hotels

© AFP 2021 / MICHAEL COHENBill Gates, Co-Chair, Bill & Melinda Gates Foundation speaks onstage at 2019 New York Times Dealbook on November 06, 2019 in New York City.
Bill Gates, Co-Chair, Bill & Melinda Gates Foundation speaks onstage at 2019 New York Times Dealbook on November 06, 2019 in New York City. - Sputnik International, 1920, 08.09.2021
Subscribe
WASHINGTON (Sputnik) - Cascade Investment, an investment and holding company controlled by Microsoft founder and philanthropist Bill Gates, has agreed to purchase a controlling stake in the Four Seasons hotels chain, according to a statement released by the hotel company on Wednesday.
“Four Seasons Hotels and Resorts ("Four Seasons" or "the Company"), the world's leading luxury hospitality company, today announced that its longstanding shareholder, an affiliate of Cascade Investment, L.L.C. (collectively, "Cascade"), has entered into a definitive agreement to acquire a controlling interest in the Company,” Four Seasons said.
Cascade is set to expand its current stake from 47.5 percent to 71.25 percent by buying half of the stakes owned by an affiliate of Kingdom Holding Company, a long-term investment partner of Cascade, at a price of $2.21 billion.
US Microsoft founder, Co-Chairman of the Bill & Melinda Gates Foundation, Bill Gates, poses for a picture on October 9, 2019, in Lyon, central eastern France, during the funding conference of Global Fund to Fight AIDS, Tuberculosis and Malaria.  - Sputnik International, 1920, 30.08.2021
Gates Foundation 'Working With Chinese Gov't' to Promote Beijing's Global Medical Clout: Report
Four Seasons CEO John Davison said in the statement that the support and partnership of shareholders like Cascade continue to be critical to growth, and that the company looks forward with confidence to the future of the luxury hospitality industry.
Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала