Sunday, April 02, 2006

Lone Star

According to Bloomberg News,
Lone Star, a Texan fund sold a third of the bank Tokyo Star in October 2005, making a seven-fold return on its initial investment when it bought the bankrupt banke called Tokyo Sowa Bank Ltd. in 2001.

Lone Star is said to have invested more than $2.5 billion in Asia since 1995.

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