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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Thu., Jul. 31, 3:35 PM

Slide #3. Fairfax Financial Holdings Limited 78% of the general insurance business of Union Assurance PLC

Acquirer: Fairfax Financial Holdings Limited (TSE:FFH.CA)
Acquiree: 78% of the general insurance business of Union Assurance PLC
Details: Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) today announced the signing of a share purchase agreement by its wholly-owned subsidiary, Fairfax Asia Limited ("Fairfax Asia"), to acquire 78% of the general insurance business of Union Assurance PLC ("Union Assurance"), a Sri Lankan insurer. The transaction is subject to customary closing conditions, including the successful completion of due diligence along with regulatory and court approvals, and is expected to close by the first quarter of 2015.

Fairfax Financial Holdings is a financial services holding company. Through its subsidiaries, Co. is engaged in property and casualty insurance and reinsurance and investment management. Co.'s insurance and reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets. Co.'s investments are centrally managed for all the Co.'s group of companies by Hamblin Watsa Investment Counsel Ltd. Co. operates four main operating segments: Insurance, Reinsurance, Reinsurance and Insurance - Other, and Runoff.

Preferreds: FFH.PRC.CA, FFH.PRE.CA, FFH.PRG.CA, FFH.PRI.CA, FFH.PRK.CA



Open the FFH.CA Page at The Online Investor »

Company Name:  Fairfax Financial Holdings, Ltd.
Website:  www.fairfax.ca
Sector:  Insurance Brokers
Number of ETFs Holding FFH.CA:  3
Total Market Value Held by ETFs:  $973602
Total Market Capitalization:  $10.41B
% of Market Cap. Held by ETFs:  0.01%
 

Open the FFH.CA Page at The Online Investor (in a new window) »

July 31, 2014    3:35 PM Eastern
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