Brief: Proposed Strategic Transaction Between Helios Holdings Limited And Fairfax Africa Holdings Corporation

Helios Fairfax Partners

10/07/2020 17:33

July 10 (Reuters) - Fairfax Africa Holdings Corp  FAHu.TO :
    * PROPOSED STRATEGIC TRANSACTION BETWEEN HELIOS HOLDINGS
LIMITED
AND FAIRFAX AFRICA HOLDINGS CORPORATION
    * FAIRFAX AFRICA - HELIOS HOLDINGS GROUP TO CONTRIBUTE
CERTAIN
ECONOMIC STREAMS TO CO IN EXCHANGE FOR 45.9% EQUITY, VOTING
INTEREST IN PRO FORMA SHARE CAPITAL OF CO
    * FAIRFAX AFRICA HOLDINGS - FAIRFAX FINANCIAL WILL RETAIN
VOTING
CONTROL OF COMBINED ENTITY
    * FAIRFAX AFRICA HOLDINGS CORP - FAIRFAX AFRICA WILL BE
RENAMED
HELIOS FAIRFAX PARTNERS CORPORATION
    * FAIRFAX AFRICA - WILL BE GUARANTEEING REPAYMENT OF AMOUNTS
DRAWN
UNDER $40 MILLION SECURED CREDIT FACILITY MADE AVAILABLE BY
FAIRFAX AFRICA TO ATLAS MARA

Source text for Eikon:  ID:nGNX93jQSr 
Further company coverage:  FAHu.TO 

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