Indian born Canadian billionaire Prem Watsa-owned Fairfax India is planning to list Anchorage Infrastructure, its flagship investment vehicle for airports and other infrastructure investments in India. Meanwhile, Fairfax controlled Bangalore International Airport (BIAL) to invest around $2.2 billion to create infrastructure to handle around 90 million passengers by 2034. In a letter to the shareholders Prem Watsa, chairman, Fairfax said that since its inception in June 2019, Anchorage has actively participated in bidding for Indian airports’ and railway stations’ privatisation processes. “It continues to look for unique and value-accretive infrastructure and allied businesses. We have also started the preparation work to list Anchorage on the Indian stock exchanges”, said Watsa.
The Freedom Bank of Virginia (OTCQX: FDVA) based in Fairfax, VA, focused on building lead relationships with businesses, real estate owners and professionals in the Northern Virginia/DC MSA, today announced that Joe Thomas, President & Chief Executive Officer, will present at VirtualInvestorConferences.com on March 10th.
Mike Sneesby Appointed CEO of Australia s Nine Entertainment
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Mike Sneesby, currently the head of Australian streamer Stan, has been appointed CEO of its parent group Nine Entertainment. His elevation follows the imminent departure of Hugh Marks and other board room changes at the one of the country’s largest media groups.
Marks, who presided over the transformation of Nine from a legacy TV group into a broadcast, publishing and digital player through the acquisition of newspaper giant Fairfax, will depart at the end of the month. He resigned following revelations that he was in an intimate relationship with a former member of staff.
Not for distribution to U.S. news wire services or for dissemination in the United States. TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it will issue C$850 million in aggregate principal amount of Senior Notes due 2031 (the “Offering”) in a public offering to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, and RBC Capital Markets as joint bookrunners. The Senior Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 3.95% per annum. Fairfax intends to use the net proceeds of the Offering to redeem (i) the C$450 million outstanding principal amount of Fairfax’s 5.84% senior notes due 2022 (plus accrued and unpaid interest thereon and the applicable premium) (the “2022 Notes”) and (ii) the C$400 million outstanding principal amount of Fairfax’s 4.50% senior notes due 2023 (plus accrued and unpaid inter