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BRIEF-Fairfax India Sells Minority Position Of Anchorage Infrastructure

Published 2019-12-16, 09:24 a/m
BRIEF-Fairfax India Sells Minority Position Of Anchorage Infrastructure
FIHu
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Dec 16 (Reuters) - Fairfax India Holdings Corp FIHu.TO :

* PRESS RELEASE - FAIRFAX INDIA SELLS MINORITY POSITION OF ANCHORAGE INFRASTRUCTURE

* FAIRFAX INDIA HOLDINGS - TO SELL AN INTEREST IN ANCHORAGE INFRASTRUCTURE INVESTMENTS HOLDINGS LTD OF ABOUT 11.5% FOR PROCEEDS OF ABOUT INR 9.5 BILLION

* FAIRFAX INDIA HOLDINGS - INTEREST IN ANCHORAGE INFRASTRUCTURE INVESTMENTS HOLDINGS LIMITED WILL BE SOLD BY WAY OF A PRIVATE INVESTMENT AGREEMENT

* FAIRFAX INDIA HOLDINGS CORP - AS PART OF TRANSACTION, FAIRFAX INDIA WILL RESTRUCTURE ITS INTEREST IN BANGALORE INTERNATIONAL AIRPORT

* FAIRFAX INDIA HOLDINGS - FOLLOWING CLOSING, EFFECTIVE OWNERSHIP INTEREST IN BANGALORE INTERNATIONAL AIRPORT WILL BE ABOUT 49% ON A FULLY-DILUTED BASIS

* FAIRFAX INDIA HOLDINGS CORP - AS A RESULT OF SALE OF ANCHORAGE INFRASTRUCTURE, CO WILL RECORD INVESTMENT GAINS OF APPROXIMATELY $506 MILLION

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