Fairfax Announces Successful Completion of OMERS Investment in Brit
August 27 2021 - 10:52AM
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U)
announces the successful completion of the previously announced
transaction in which OMERS, the pension plan for Ontario’s
municipal employees, will acquire an approximate 14% interest in
Fairfax’s subsidiary, Brit Limited (“Brit”), for cash of
approximately US$375 million. After closing, Fairfax
will retain the flexibility to repurchase OMERS’ interest in Brit
over time.
Fairfax is a holding company which, through its
subsidiaries, is engaged in property and casualty insurance and
reinsurance and the associated investment management.
For further information, contact: |
John Varnell,
Vice President, Corporate Development, at (416) 367-4941 |
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