Dubai International Capital (DIC) has made its first investment in Japan, buying a “substantial” stake in Sony Corporation.
The private equity arm of Dubai Holding private equity arm confirmed the purchase in a statement.
“While the restructuring process at Sony is well advanced, the recent successful listing of Sony Financial Holdings is evidence of the management’s ongoing strategy of focusing on capital efficiency and cash generation,” said DIC chief executive officer Sameer al-Ansari.
The investment was made through DIC's Global Strategic Equities Fund.
The fund targets investments in large, publicly listed companies. DIC's public equity investments include a 3 per cent stake in Indian bank ICICI.
You might also like...
Al Ula seeks equestrian village interest
26 April 2024
Morocco seeks firms for 400MW wind schemes
26 April 2024
Countries sign Iraq to Europe road agreement
26 April 2024
Jubail 4 and 6 bidders get more time
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.