Saudi sovereign fund PIF raises stake in Japanese film company Toei to 6 percent

Middle East
03-03-2023 | 06:39
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Saudi sovereign fund PIF raises stake in Japanese film company Toei to 6 percent
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Saudi sovereign fund PIF raises stake in Japanese film company Toei to 6 percent

Saudi Arabia's Public Investment Fund (PIF) has increased its stake in Toei Co Ltd (9605.T) to 6 percent, a filing showed on Friday, reflecting the sovereign wealth fund's growing exposure to the Japanese media industry.

PIF's stake in the Tokyo-based film and animation firm has risen from 5 percent to 6.03 percent, according to the ownership report filed with Japanese regulators.

PIF last month revealed raising its stake in the e-sports giant Nintendo to 8.26 percent. The leading sovereign fund has also invested in Japanese gaming companies Nexon (3659.T), Capcom (9697.T) and Koei Tecmo (3635.T).
 

Saudi Arabia

Sovereign

Public

Investment

Fund

Raises

Stake

Japanese

Film

Company

Toei

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