Japanese Group Approves Investment Fund of Over US$2 Billion in Brazil

Softbank is currently restructuring its management, but intends to expand investments in the country.

RIO DE JANEIRO, BRAZIL - Among changes in the board of directors and even a potential change of headquarters, the Japanese conglomerate Softbank has given its investment fund managers approval to allocate US$ 3 billion in the region. Around 70 percent of this sum should come to Brazil, amounting to over US$2 (R$10.8) billion.

Half of what is to be invested is expected to be allocated to startups that already have Softbank as a . . .

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