Dubai International Capital Acquires Stake in Sony

DUBAI, November
26: Dubai International Capital has picked up a “substantial” stake in Sony
Corporation, its first investment in a Japanese company.

The size of the
investment was not disclosed. The stake was acquired through Dubai
International Capital’s $2 billion Global Strategic Equities Fund (GSEF). The
investment is the third by GSEF in global Fortune 500 companies, following the
recent purchase of substantial stakes in HSBC Holdings plc and EADS N.V.

Sameer Al
Ansari, the executive chairman and CEO of Dubai International Capital, said:
"Sony provides GSEF with a compelling investment case, consistent with our
mandate of supporting premier global companies. 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. The combination of Sony's truly global
brand, its leadership in product design and its global footprint will spur the
business' medium term growth as it capitalizes on positive underlying trends
and emerging technologies."

—By Irene
Lew