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As of 2019, Bill Gates was the largest single shareholder of CN stock, owning a 14.2% interest through Cascade Investment and his own Bill and Melinda Gates Foundation. [9] From 1919 to 1978, the railway was known as "Canadian National Railways" (CNR).
The predecessors of the holding company: CNR Group and CSR Group, were formed in 2002 by splitting China National Railway Locomotive & Rolling Stock Industry Corporation [] (LORIC), a corporation under the Ministry of Railways.
The merger came into effect 1 June 2015, with each CNR share exchanged for 1.1 CSR shares - the combined company became the largest railway rolling stock manufacturer in the world, and held over 90% of the Chinese market. Total employment of the combine was 175,700 persons, and the share capital was valued at CN¥27.289 billion. [1]
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The limited company was incorporated in 2007 in order to float the assets of China Railway Construction Corporation [Group] (CRCCG, simplified Chinese: 中国铁道建筑总公司; traditional Chinese: 中國鐵道建築總公司, or the holding company) in Shanghai and Hong Kong stock exchange. CRCCG retained some assets which was deemed not ...
The stock of Canadian National Railway Co (NYSE:CNI, 30-year Financials) shows every sign of being modestly overvalued, according to GuruFocus Value calculation.
However, a competing cash and stock offer was later made by Canadian National Railway (CN) on April 20 at $33.7 billion. [68] On 13 May, KCS announced that they planned to accept the merger offer from CN, but would give CP until May 21 to come up with a higher bid. [69] On May 21, KCS and CN agreed to a merger.