Friday, December 21, 2007
Goldman going to Japan – Lucky them!
Goldman Sachs and investment firm Aetos Capital LLC are also interested in acquiring Daito, the sources said, and the value of the deal could ultimately exceed $10 billion. Land prices in Japan started to pick up last year for the first time in 16 years against a backdrop of an economic recovery. With interest rates in Japan near rock bottom, the low cost of funding has made Japanese assets attractive.