Fairfax buys Kipco’s 46.3% stake in Gulf Insurance for $860mn
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Fairfax buys Kipco’s 46.3% stake in Gulf Insurance for $860mn

Jairo Ibarra
April 19, 2023
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Fairfax Financial has acquired the 46.32% stake Kuwait Projects Company had in Gulf Insurance Group (GIG) for $860mn.

With the deal, the Canadian conglomerate will boost its ownership interest in the Middle East carrier to 90%.

The transaction represented a purchase price of $6.53

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Jairo Ibarra
Senior Reporter
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