Fairfax Announces Acquisition of OMERS Investment in Brit
December 13 2024 - 5:02PM
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U)
announces that it has increased its ownership interest in Brit
Limited to 100% from 86.2% by acquiring the interest of OMERS, the
pension plan for Ontario’s municipal employees, for cash
consideration of approximately US$383 million.
Fairfax is a holding company which, through its
subsidiaries, is primarily 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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