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Bill Gates sells shares of Pacific Ethanol
By Lisa Kerner
Charlotte, N.C., May 6 - Microsoft Corp. chairman Bill Gates, through Cascade Investments, LLC, sold 1,129,726 shares of Pacific Ethanol, Inc.
Gates kept an 18.5% ownership interest in the Sacramento, Calif.-based ethanol provider.
The shares were sold between April 21 and May 2, according to a schedule 13D filing with the Securities and Exchange Commission.
Cascade Investments beneficially owns 7.5 million shares of Pacific Ethanol, the filing said.
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