アラブがきたで。 日本買いや。
Dubai private equity firm mulls $10 bln investmentsJuly 23, 2007By David Schlesinger and James CordahiDUBAI (Reuters) - Dubai International Capital, a private equity firm owned by the ruler of Dubai, said on Monday it was considering investments worth as much as $10 billion this year in European firms and publicly listed Japanese companies.The company, which wants to more than triple the value of assets it manages to $25 billion within three years, may also buy into one or two publicly listed companies in Japan for its Gulf Arab Global Strategic Equities Fund, Ansari said.The $2 billion fund, with participation from the Qatar government and Dubai-based private equity firm Zabeel Investments, was set up this year to invest in the world's biggest publicly listed companies.The fund's first purchase was in May when it bought a "substantial" stake in HSBC Holdings Plc.Dubai International Capital manages assets worth as much as $7 billion, including its stakes in ICICI Bank, India's second-largest lender, and Britain's Tussauds Group.Each transaction in Japan will be worth $500 million to $1.5 billion, Ansari said."We're excited about Japan," Ansari said. "We see Japan where Germany was two years ago ... we definitely see some interesting opportunities in Japan. Fundamental changes are happening."There are "mid-caps and some large-cap" companies in Japan that seem to be undervalued, Ansari said, declining to be specific."Japan has been stagnant for 15 years. This can't go on forever. A lot of things have been cleaned up over the last couple of years so you can start to see some improvement," Ansari said.The yen may decline against the dollar during the next six to 12 months, "but in our investment horizon, I think the yen will be stronger against the dollar," Ansari said.Dubai International Capital typically holds assets for three to five years, he said.Japan's economic growth likely slowed in the second quarter owing to sluggish exports but should gradually gain momentum during the year, a Reuters poll of economists showed last week.Fuelled by a tripling of oil prices during the last five years, Gulf Arab acquisitions of foreign companies have surged.Gulf governments and companies spent almost $67 billion on foreign assets in 2005 and 2006, three times as much as in the previous eight years combined, according to data compiled by London-based research company Dealogic in March.