Fairfax Financial Holdings, a major global financial player, has increased its equity share in the Mytilineos Group, one of Greece’s leading industrial groups with activities in the sectors of EPC (Engineering-Procurement-Construction), Metallurgy & Mining, and Energy, with the purchase of 185,000 common shares at a total value of 1,050,892.50 euros.
Prior to this purchase, Fairfax, a Canada-based company, held a 5.02 percent stake in Mytilineos. As an initial step, Fairfax acquired a 4.23 percent equity share of Mytilineos with the purchase of 4.97 million shares in October last year.
Backed by extensive and successful capital management on a global scale, Fairfax currently manages assets worth a total of approximately 32 billion euros. Fairfax invests strategically, on a long-term basis, and attaches great value to the companies it associates itself with.