Fairfax acquires Khazanah stake in Sri Lanka firm


A unit of Fairfax bought the stake from Khazanah Nasional Bhd, which exited the company

COLOMBO: Canadian investor Prem Watsa’s Fairfax Financial Holdings Ltd has acquired a stake in John Keells Holdings Plc, Sri Lanka’s biggest company by market value, people with knowledge of the matter said.

About 10.8% of John Keells shares exchanged hands at 160 rupees apiece on Thursday according to exchange filings.

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