Aug 4 (Reuters) - GRIVALIA PROPERTIES REIC GRIr.AT :
* SAYS FAIRFAX FINANCIAL HOLDINGS LTD PROPOSES EUR 215.7 MILLION FOR THE ACQUISITION OF THE TOTAL COMPANY'S SHARES
* SAYS FAIRFAX FINANCIAL HOLDINGS LTD PROPOSES DEAL TO BUY AT EUR 8.8 EUROS PER SHARE