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An announcement from Fairfax Financial Holdings ( (TSE:FFH) ) is now available.
Fairfax Financial Holdings Limited has announced its acquisition of the remaining interest in Brit Limited from OMERS, the pension plan for Ontario’s municipal employees, for approximately US$383 million, increasing its ownership to 100%. This strategic move enhances Fairfax’s position in the insurance and reinsurance market, potentially offering greater control over Brit Limited’s operations and contributing to its growth strategy.
More about Fairfax Financial Holdings
Fairfax Financial Holdings Limited is a holding company primarily engaged in property and casualty insurance and reinsurance, along with investment management through its subsidiaries.
YTD Price Performance: 54.05%
Average Trading Volume: 4,092
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $34.47B
Find detailed analytics on FFH stock on TipRanks’ Stock Analysis page.
