Fairfax Financial Holdings Ltd (FFH.TO)
MUMBAI ICICI Lombard General Insurance Co Ltd's initial public offering of shares opening next week aims to raise up to 57 billion rupees ($892 million), the latest listing in what is expected to be a record-setting year for India.
* Indian companies have already raised $3.2 bln in IPOs in 2017
TORONTO, Aug 24 Canada's benchmark stock index inched higher on Thursday, boosted by a sharp jump in Fairfax Financial Holdings Ltd after it sold a Singapore insurer, while Canadian Imperial Bank of Commerce fell after it reported a rise in quarterly net income.
TORONTO, Aug 24 Canada's main stock index ended slightly higher on Thursday, with a sharp jump in Fairfax Financial Holdings Ltd after it sold a Singapore insurer offset by a fall in Canadian Imperial Bank of Commerce after it reported earnings.
Aug 24 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
SINGAPORE/TOKYO Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore's First Capital Insurance for $1.6 billion from Canada's Fairfax Financial Holdings , in the biggest takeover by a Japanese insurer in populous Southeast Asia - a key target region for global players.
* Mitsui Sumitomo, Fairfax to also explore global partnership
* Mitsui Sumitomo, Fairfax to also explore a global partnership
Aug 23 Japanese insurer Mitsui Sumitomo Insurance has entered into a deal with Canada's Fairfax Financial Holdings to buy Singapore-based insurer First Capital for $1.6 billion, Fairfax said in a statement on Wednesday.
* Fairfax and Mitsui Sumitomo Insurance enter into strategic alliance and sale of First Capital
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