Bill Gates raises stake in G4S

Suzie Neuwirth

BILL Gates has increased his holding in G4S, the security firm announced today.

The Microsoft co-founder – through the Bill & Melinda Gates Foundation Trust and his asset management firm Cascade Investment – bought around six million more shares, raising his stake to 3.2 per cent.

The troubled firm has struggled to claw back its reputation after a series of gaffes including the botched handling of security at the London 2012 Olympics.

G4S’ chief executive stepped down last month after the company issued a profit warning.