Goldman Sachs Group Inc is considering putting money into a major Japanese airport, the latest foreign investor to eye infrastructure projects as Prime Minister Shinzo Abe seeks to open up the market. The U.S. bank may invest in New Kansai International Airport, a regional hub in Osaka bay and the country's fifth-largest airport by passenger traffic, once operating rights are put up for sale, said Ankur Sahu, co-head of Goldman's Asia-Pacific merchant banking division.The deal is expected to be Japan's biggest private infrastructure project - the rights could fetch up to 600 billion yen ($5.86 billion) - and Tokyo is keen for investors to help trim state-owned New Kansai International Airport Co's 1.2 trillion yen debt.Other foreign names such as U.S. property investor Fortress Investment Group LLC and Australian investment bank Macquarie Group Ltd are taking stakes in Japan's infrastructure sector - marking a vote of confidence in "Abenomics", which has recently been struggling.Abe's policies to revive the world's third-biggest economy from 15 years of deflation and unsteady growth have hit headwinds as the recovery has slowed sharply and investors fret that a burst of monetary easing and fiscal stimulus are not being followed by structural reforms to make growth sustainable.
Fortress Investment Group LLC (Fortress), is a global investment management firm. Shares of FIG traded higher by 0.59% or $0.05/share to $8.49. In the past year, the shares have traded as low as $5.61 and as high as $9.16. On average, 1263920 shares of FIG exchange hands on a given day and today's volume is recorded at 1179538.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 1.84% or $-3.06/share to $163.48. In the past year, the shares have traded as low as $137.29 and as high as $181.13. On average, 3087780 shares of GS exchange hands on a given day and today's volume is recorded at 3677987.
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