Fairfax Closes Cunningham Lindsey Transaction

Mon Dec 10, 2012 7:33pm EST

* Reuters is not responsible for the content in this press release.


    (Note: All dollar amounts in this press release are expressed in U.S.

    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.

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

Copyright 2012, Market Wire, All rights reserved.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.