Wed, Aug 4, 2021
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

SoftBank’s Saudi-backed fund offers break from leveraged growth

Posted on 18 October 2016

The new technology investment vehicle being set up jointly by SoftBank Group and a Saudi sovereign wealth fund will let the Japanese telecom giant aggressively pursue megadeals while reducing its debt exposure, the group’s chief said.
“We will make priority investments through this fund in amounts at or above a certain level,” SoftBank Chairman and CEO Masayoshi Son told The Nikkei in a recent interview. He intends for the vehicle to be worth around $100 billion. SoftBank will contribute at least $25 billion over five years while the Saudi Public Investment Fund will pitch in $45 billion. The rest will come from other investment funds…………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
August 2021
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031