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Gates Foundation Sells Stake in U.K. Prison Operator G4S

The Gates Foundation Asset Trust, the entity that manages the investments for the $40.2 billion Bill & Melinda Gates Foundation, has liquidated its entire stake in G4S Plc, the world’s biggest security-services provider.

“Like other large foundations, the foundation trust evaluates its holdings regularly, both for performance and fit,” John Pinette, a spokesman for the Gates family, said in a statement. “As a result of this, the foundation trust no longer holds an investment in G4S.”