TORONTO, Aug. 27, 2021 (GLOBE NEWSWIRE) — 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