|
| Home : OMERS Commits to Invest US$1 Billion in Allied World Transaction With Fairfax |
|
Jan 28
2017 |
OMERS Commits to Invest US$1 Billion in Allied World Transaction With Fairfax |
|
TORONTO, ONTARIO--(Marketwired - Jan. 27, 2017) - Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) and OMERS, the pension plan for Ontario's municipal employees, are pleased to announce that they have entered into an agreement pursuant to which OMERS will invest US$1 billion in order to indirectly acquire approximately 21% of the issued and outstanding shares of Allied World Assurance Company Holdings, AG ("Allied World"), simultaneously with the previously announced acquisition of Allied World by Fairfax and subject to certain regulatory approvals. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=2191566&sourceType=3 |
| |
|
Related News
|
» First Point Minerals Closes Over-Subscribed Private Placement for $390,000
» US, Russian Officials: Trump and Putin to Speak by Phone on Saturday
|
|
|
