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Slide #9. Fairfax Financial Holdings Limited — 80% of PT Batavia Mitratama Insurance
Fairfax Financial Holdings Limited (TSE:FFH.CA)
80% of PT Batavia Mitratama Insurance
Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) announced today that it has, through its wholly-owned subsidiary Fairfax Asia Limited, entered into a share purchase agreement pursuant to which it will acquire 80% of PT Batavia Mitratama Insurance ("Batavia"), an Indonesian insurer. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2014.
Fairfax Financial Holdings is a financial services holding company. Through its subsidiaries, Co. is engaged in property and casualty insurance and reinsurance and investment management. Co.'s insurance and reinsurance companies operate on a decentralized basis, with autonomous management teams applying a focused underwriting strategy to their markets. Co.'s investments are centrally managed for all the Co.'s group of companies by Hamblin Watsa Investment Counsel Ltd. Co. operates four main operating segments: Insurance, Reinsurance, Reinsurance and Insurance - Other, and Runoff.
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