Canada’s Fairfax Financial to Raise $536.4M to Fund Larger Stakes in 2 Insurers

Fairfax Financial Holdings said on Monday it plans to raise C$735 million ($536.42 million) through an equity issuance, to fund its acquisition of interests in Eurolife ERB Insurance Group Holdings and ICICI Lombard General Insurance Co. The offering of one million shares, which is …

from News – Insurance Journal http://ift.tt/1WFRf9E
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