Fairfax Closes Cunningham Lindsey Transaction
10 Diciembre 2012 - 6:33PM
Marketwired
(Note: All dollar amounts in this press release are expressed in
U.S. dollars.)
Fairfax Financial Holdings Limited ("Fairfax")
(TSX:FFH)(TSX:FFH.U) announces the closing of the previously
announced disposition of its interest in Cunningham Lindsey Group
Limited for proceeds of approximately $270 million. Fairfax's
interest in Cunningham Lindsey was carried in its financial
statements at approximately $110 million. Fairfax has re-invested
approximately $34 million of the closing proceeds into shares of
Cunningham Lindsey in order to retain an equity interest in the
company of approximately 9%.
Fairfax Financial Holdings Limited is a financial services
holding company which, through its subsidiaries, is engaged in
property and casualty insurance and reinsurance and investment
management.
Contacts: Fairfax Financial Holdings Limited John Varnell
Corporate Development (416) 367-4941 Media Contact Fairfax
Financial Holdings Limited Paul Rivett Vice President, Operations
(416) 367-4941
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