Fairfax Financial To Buy Thomas Cook India - Quick Facts

5/21/2012 6:06 PM ET

Fairfax Financial Holdings Limited (FFH.TO: Quote) 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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by RTT Staff Writer

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