June 19, 2013 / 8:14 AM / in 4 years

Fairfax Holdings to raise stake in Greek Eurobank Properties

ATHENS, June 19 (Reuters) - Canadian investment firm Fairfax Financial Holdings will raise its stake in Greek real estate firm Eurobank Properties to 42 from a current 19 percent, parent Eurobank said in a bourse filing on Wednesday.

Eurobank Properties, a unit of Eurobank, will proceed with a rights offering of about 200 million euros, with Fairfax exercising its own rights and purchasing Eurobank’s rights for 20 million euros ($26.78 million).

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