TOKYO – Saudi Arabia’s Public Funding Fund (PIF) has elevated its stake in Japan’s Nintendo Co Ltd to six%, a submitting confirmed on Thursday, reflecting the sovereign wealth fund’s rising publicity to the Japanese video gaming trade.
PIF‘s stake within the Kyoto-based firm has risen from 5.01% to six.07%, in accordance with the possession report filed with Japanese regulators.
PIF revealed its 5% stake in Nintendo in a regulatory submitting in Could final 12 months, stating that it was made for funding functions. It has additionally taken stakes in online game corporations Nexon, Capcom, and Koei Tecmo.
Nintendo shares had been down 1.8% within the morning.
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