Gates Foundation Trust Ups Stake in U.K. Prison Firm
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The Bill & Melinda Gates Foundation Trust increased its stake in one of the U.K.’s largest for-profit prison operators.
The trust, the Gates foundation’s investment arm, added nearly 200,000 shares of Serco Group Plc in May, according to data compiled by Bloomberg. That took its holding to 3.74 million shares worth about 5.3 million pounds ($6.6 million), a tiny fraction of the foundation’s total assets of about $48 billion.