Bill Gates Acquires More CN Railway Shares

By Bizclik Editor


Bill Gates has increased his ownership of Canadian National Railway shares to 12 per cent. Cascade Investment, the investment arm of Microsoft founder Bill Gates, announced today its purchase of 13,670 Canadian National Railway shares, which increases Gates' ownership of the company by 0.0003 per cent. 

Purchasing CN Railway stock since 2006, Bill Gates' recent small acquisition brings ownership through Cascade to approximately 10 per cent of CN Railway outstanding shares. Gates' recent investment totalled $1,245,200.05 with options to continue acquisition of shares in the future.

Gates' charitable foundation the Bill & Melinda Gates Foundation Trust also increased its investment in CN Railway and now owns 8,563,437 shares, a total of 1.98 per cent of CN Railway outstanding shares. This investment will be directed by Gates but will not provide any economic interest toward the co-trustee.  

As this investment was also purchased through Cascade, this combined acquisition allows Gates to have beneficial ownership and control of the direction of a total of 51,725,874 shares of CN Railway, a total of 11.98 per cent of the company.

In 2011, CN Railway announced Gates as its biggest shareholder. Gates' increase from 10 per cent into approximately 12 per cent ownership for investment purposes is due to continual acquisitions since 2011. 


Featured Articles

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

During this unprecedented era of rapid digital transformation, establishing a well-functioning ecosystem stands to benefit both employees and customers

Mastercard: Supporting clients at a time of rapid evolution

Mastercard has announced a significant expansion of its consulting business with the launch of new practices dedicated to both AI and economics

Why Ceridian has boldly rebranded to Dayforce

Human Capital

McKinsey’s eight lessons in leadership for aspiring CEOs

Leadership & Strategy

KPMG: The biggest challenges facing global CEOs in 2023

Leadership & Strategy