Gates increases stake in CN Railway

MONTREAL - Microsoft founder Bill Gates, the largest shareholder in Canadian National Railway Co., spent $8 million through his investment agency to increase his stake in the rail giant, Gates' firm said in a statement.
Cascade Investment, LLC., headquartered in Medford, Ore., bought 111,560 CN shares for amounts ranging in value from $71.54 to $71.89.
Cascade now owns 37.5 million shares of Canadian National Rail for an 8.15% stake in the company.
Gates owns a further $8.56 million in CN shares through Bill & Melinda Gates Foundation Trust, a charitable trust for which Gates serves as a co-trustee.
Gates controls 10% of the rail company directly or indirectly.
He first bought into CN in 2000 and has gradually increased his stake in the company since then.