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Schwarzenegger fund buys $30m stake in wind group Gamesa
Credit: Ben Backwell, London, www.rechargenews.com 3 February 2012 ~~
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Translate: FROM English | TO English
US based investment fund Dimensional Fund Advisor (DFA) – partly owned by former California governor Arnold Schwarzenegger – has bought a 3% stake in Spanish wind turbine manufacturer Gamesa.
The purchase is revealed in a notification sent to Spain’s financial markets regulator the CNMV.
DFA becomes one of Gamesa’s largest shareholders alongside Spanish utility Iberdrola, which has 19.6%, and Blackrock Inc which holds 4.9%.
DFA’s 7.47 million Gamesa shares are worth about €23m ($30.3m) at current market prices.
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