Dubai Royal Takes Significant Chunk Of Sony |
| Forbes - Nov 26, 2007 |
At a time when crude oil is approaching $100 per barrel, the Dubai royal investment fund is speeding up its acquisitions across Asia.
Dubai International Capital, the private investment vehicle of Dubai’s ruler, Sheikh Mohammed bin Rashid al Maktoum, said Monday that its it has bought a "substantial" stake in Japanese electronics giant Sony, kicking off its plan to shop for a whole list of Asian stocks.
The Sony stake was bought through Dubai International Capital’s $2 billion Gulf Arab Global Strategic Equities Fund. Sameer al-Ansari, Chairman and CEO of Dubai International Capital, said: "Whilst the restructuring process at Sony is well advanced, the recent successful listing of Sony Financial Holdings is evidence of management's ongoing strategy of focusing on capital efficiency and cash generation.”
Read Full Article from Forbes
- Posted: 2007-11-26 09:40:08
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