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Fairfax Financial Holdings Ltd Closes Cunningham Lindsey Transaction


Monday, 10 Dec 2012 07:33pm EST 

Fairfax Financial Holdings Ltd announced 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%. 

Company Quote

509.33
-0.67 -0.13%
3:51pm EDT