Fairfax Financial Holdings Limited (FFH.TO) announced that, through its Fairbridge Capital subsidiary, it has entered into an agreement with Thomas Cook Group plc in the United Kingdom to purchase its 77% interest in Thomas Cook (India) Limited at a purchase price of INR 50 per share for a total cost of INR 8,174 million or approximately US$150 million.
The transaction is subject to customary conditions, including approval by Thomas Cook's shareholders and Indian regulatory approval.
Fairbridge Capital is an investment company engaged in long-term investments and acquisitions in the Indian region. Fairbridge Capital is a wholly-owned subsidiary of Fairfax.
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