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Schwarzenegger fund buys $30m stake in wind group Gamesa  

Credit:  Ben Backwell, London, www.rechargenews.com 3 February 2012 ~~

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.

Source:  Ben Backwell, London, www.rechargenews.com 3 February 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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