February 3, 2012
California, U.S.

Schwarzenegger fund buys $30m stake in wind group Gamesa

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.

URL to article:  https://www.wind-watch.org/news/2012/02/03/schwarzenegger-fund-buys-30m-stake-in-wind-group-gamesa/