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Fairfax India Investing $300-Million For 30% Sanmar Chemicals Stake

机译:印度Fairfax投资3亿美元收购Sanmar Chemicals 30%的股份

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Mumbai-Fairfax India Holdings Corp., through wholly-owned subsidiaries, has agreed to invest $300-million in exchange for a 30% equity interest in the Sanmar Chemicals Group. Fairfax is limited to investing no more than 25% of its total assets in any single investment, with a current limit of about $250-million. The company said it will fund an initial tranche of $250-million upon the closing of the transaction, and the second tranche of $50-million will be funded within 90 days thereafter by subsidiary Fairfax Financial Holdings Ltd. The first tranche is expected to be completed during the second quarter of this year.
机译:孟买-费尔法克斯印度控股公司(Mumbai-Fairfax India Holdings Corp.)已通过全资子公司同意投资3亿美元,以换取Sanmar Chemicals Group 30%的股权。 Fairfax的单笔投资不得超过总资产的25%,目前的上限为2.5亿美元。该公司表示,将在交易完成时提供2.5亿美元的初始付款,第二笔5,000万美元将在此后的90天内由子公司Fairfax Financial Holdings Ltd提供资金。第一笔付款有望完成在今年第二季度。

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