Skip to main content

The Globe and Mail

Bill Gates boosts stake in CN Rail to 12%

Bill Gates, Microsoft founder and co-chairman of the Bill & Melinda Gates Foundation.

DENIS BALIBOUSE/REUTERS

Bill Gates has increased his overall stake in Canadian National Railway Co. to about 12 per cent.

Cascade Investment LLC, a company owned by the billionaire founder of tech giant Microsoft Corp., says it has acquired an additional 13,670 shares of Canada's largest railway for $1.25-million.

The investment company now owns a total of 43 million CN shares representing 10 per cent of the company.

Story continues below advertisement

Mr. Gates controls an additional 1.98 per cent of CN stock through the Bill & Melinda Gates Foundation, a charitable trust.

According to a statement issued by the investment company, all shares held by both Cascade and the trust are for investment purposes.

It says holdings in CN may be increased or decreased depending upon future market conditions.

Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨