Bill Gates invests in WSE-listed company

The Cascade Investment fund established by Bill Gates has acquired a five percent stake in Ukrainian company Kernel, which has been listed on the WSE since 2007. On Wednesday evening the company informed that the fund has passed a five percent threshold of votes at the General Assembly. The activities of Cascade Investment are veiled in secrecy. According to Bloomberg, Bill Gates transferred part of his wealth in order to diversify risk. This is the first known case of the fund making investments in this part of Europe. Kernel is a Ukrainian company controlled by billionaire Andriej Wieriewski, it specializes in the import and export of sunflower oil.