Brief: Fairfax Africa To Invest In Consolidated Infrastructure Group

Helios Fairfax Partners

18/05/2018 12:35

May 18 (Reuters) - Fairfax Africa Holdings Corp  FAHu.TO :
    * FAIRFAX AFRICA TO INVEST IN CONSOLIDATED INFRASTRUCTURE
GROUP
    * FAIRFAX AFRICA HOLDINGS CORP - AGREED TO INVEST ZAR300
MILLION
IN CONSOLIDATED INFRASTRUCTURE GROUP LIMITED
    * FAIRFAX AFRICA HOLDINGS CORP - HAS AGREED TO UNDERWRITE A
ZAR800
MILLION RIGHTS ISSUE TO CURRENT SHAREHOLDERS TO BE UNDERTAKEN BY
CIG
    * FAIRFAX AFRICA HOLDINGS CORP - UPON CLOSING OF
CONVERTIBLE,
FAIRFAX AFRICA WILL RECEIVE RIGHTS TO NOMINATE ONE DIRECTOR TO
BOARD OF CIG
    * FAIRFAX AFRICA HOLDINGS - UPON CLOSING OF RIGHTS OFFERING,
CO
WILL BE ENTITLED TO NOMINATE NUMBER OF DIRECTORS IN PROPORTION
TO SHAREHOLDING IN CIG

Source text for Eikon:  ID:nGNX6wvBGr 
Further company coverage:  FAHu.TO 

 (Reuters.Briefs@thomsonreuters.com)