Fairfax Announces Successful Completion of CPPIB and OMERS Investment in 9.99% of Odyssey Group

TORONTO, Dec. 15, 2021 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces the successful completion of the previously announced transaction in which an affiliate of CPPIB Credit Investments Inc., a wholly-owned subsidiary of Canada Pension Plan Investment Board, and OMERS, the defined benefit pension plan for Ontario’s municipal sector employees, will each acquire a 4.995% interest in Fairfax’s subsidiary, Odyssey Group Holdings, Inc., through a new class of securities, for an aggregate cash purchase price of US$900 million (the “Odyssey Group Transaction”). Read More