Fairfax subsidiaries buy new round of Mytilineos shares

Subsidiary firms of Fairfax Financial Holdings, a major global financial player, have followed up on a series of recent purchases of Mytilineos Group equity capital by acquiring a further 308,000 common shares worth a total of 1,675,797.20 euros.

This latest move into the equity capital of the Mytilineos Group, one of Greece’s leading industrial groups with activities in the sectors of EPC (Engineering-Procurement-Construction), Metallurgy & Mining, and Energy, was announced as Wade Burton concurrently holds the position of Vice President and Portfolio Manager at Hamblin Watsa Investment Counsel Ltd, a subsidiary firm controlled entirely by Fairfax, while also managing assets of various Fairfax subsidiary firms.

On November 12, Fairfax subsidiary firms had bought 60,000 shares of the listed Mytilineos Group, a purchase worth a total of 339,060 euros. Over the previous two days, on November 10 and 11, the Fairfax subsidiaries purchased 242,000 shares worth a total of 1,352,007.20 euros, after having acquired 185,000 shares worth a total of 1,050,892.50 euros on November 7.