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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Japan’s Softbank to pay GIC US$1.05bln for Fukuoka stadium

Posted on 27 March 2012

Japanese mobile phone giant Softbank said Monday it would pay an affiliate of a Singapore sovereign wealth fund more than US$1.0 billion for its dome stadium in the country’s south.
Softbank, the country’s third-biggest mobile phone operator, said the move was aimed at cutting costs tied to the Fukuoka Yahoo! Japan Dome, home ground for its professional baseball team the Fukuoka SoftBank Hawks. The Japanese firm said it pays 5.0 billion yen a year to an arm of the Singapore Investment Corporation (GIC) for use of the stadium………………………………………..Full Article: Source


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