Gates raises the stake in G4S group

MICROSOFT co-founder Bill Gates has increased his stake in G4S, the world’s biggest security firm, which is looking to bounce back from a blunder over its staffing of the London 2012 Olympics.

The Bill & Melinda Gates Foundation Trust and Cascade Investment, an asset management firm owned by Bill Gates – one of the world’s richest people – increased their combined holding in G4S to 3.2 per cent last week by acquiring around 6 million more shares, G4S said.

G4S, which runs services in more than 125 countries, suffered a blow to its reputation when it failed to provide enough guards for the London Games.

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