joi, 24 martie 2011

BRIEF-Pacificmas completes sale of unit to Fairfax for 216 mln rgt

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KUALA LUMPUR, March 24 | Thu Mar 24, 2011 5:38am EDT

* says final price of the sale of wholly-owned Pacific Insurance to Fairfax Asia Ltd, a unit of Fairfax Financial Holdings , was set at 216.5 million ringgit ($71.5 million) from an initial price of 201 million ringgit.

* says Fairfax has paid the balance of 196.5 million ringgit, net of the deposit, and the sale completed as at Thursday. ($1 = 3.027 Malaysian Ringgits) (Reporting by Min Hun Fong; Editintg by Niluksi Koswanage)


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