Fairfax sells their proportion of shareholding in Privi Speciality at $163mn. Fairfax had originally bought stake in Privi in 2016 at $55mn. Fairfax’s stake was valued at $138.4 mn as of 2020 end.
Fairfax will also invest $7mn in debentures issued to entities affiliated with Mahesh Babani (founder of Privi and the one who is buying shares from Fairfax). Overall it was a profitable investment for Fairfax.