Canada's Fairfax ups stake in ICICI Lombard
Canada-based Fairfax Financial Holdings has agreed to buy an additional 9% of ICICI Lombard General Insurance from ICICI Bank for approximately $234 million.
On completion of the transaction, Fairfax will own a 35% stake in the business, with ICICI Bank holding 64%. The deal values ICICI Lombard at $2.6 billion. Fairfax, which is also a shareholder in ICICI...
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