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.
Click here to receive FREE breaking news email alerts for Fairfax Financial SV and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com