Fairfax acquires Khazanah stake in Sri Lanka firm


A unit of Fairfax bought the stake from Khazanah Nasional Bhd, which exited the company

COLOMBO: Canadian investor Prem Watsa’s Fairfax Financial Holdings Ltd has acquired a stake in John Keells Holdings Plc, Sri Lanka’s biggest company by market value, people with knowledge of the matter said.

About 10.8% of John Keells shares exchanged hands at 160 rupees apiece on Thursday according to exchange filings.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Khazanah , Firfax , Sri Lanka , Canadian , investor , John Keells ,

   

Next In Business News

Ringgit opens lower against US$ in early trade
FBM KLCI drops below 1,600 as US data affirms inflation risk
Trading ideas: TNB, Sime Darby Property, Metronic, Uzma, OSK Property, AME REIT, Ho Hup, KPS, Berjaya, Key Alliance, AmanahRaya REIT
Finally, new base rate for parcel delivery
The Week Ahead
Apple’s board seeks to stand firm on diversity programmes
Positive buyer, investor sentiment to spur sector
Sinking US equity risk premium rings alarms
Dialog on track to gain from new contract
To boldly go into space economy

Others Also Read