Goldman Sachs - Big In Japan

Goldman Sachs has been creating a stir in Japan. Wall Street's finest is really committed to the country and has put its money where its mouth is. Let's look at the clues:

1. January 2003 - Goldman purchases $1.3bn in preferred shares in Sumitomo Mitsui.

2. May 2003 - The US firm owns and operates 90 golf courses throughout the country (Accordia Golf Japan).

3. September 2004 - The firm invests $170m in hotel operator Kondo Sangyo.

4. May 2005 - Confirms that it will invest up to $400m in a joint venture to run 50 hot spring resorts (Hoshino Resorts).

5. June 2005 - Goldman invests $350m in Fujita, in a quest to turn round the ailing general contractor.

6. July 2005 - Invests $180m  in Osaka amusement park run by Universal Studios Japan.

7. July 2005 - Co-partners with Mitsui & Co to invest $4.5m in acquiring a 20% stake in wedding consulting firm Dears Brain.

8. September 2005 - Goldman confirms it is investing $220m in eAccess, a new mobile phone service.


Source - Business Week

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