28 August 2016
Astarta Holding informs that Canadian company Fairfax Financial Holdings is to purchase 9.99% of Ukrainian agri-holding shares which belong to principal shareholders – Mr. Ivanchik (1.8% out of his current share of 37.8%) and Mr. Korotkov (8.2% out of his share of 26%). In addition Fairfax signed agreement for an option to purchase remaining share of Mr. Korotkov (17.8%). If this option will be realized, the share of Fairfax in Astarta will reach 27.8% (Mr. Ivanchik will own 36%, another 36% is free float). Fairfax is well-known Canadian investment company quoted on Toronto Stock Exchange. It is not the first investment of Fairfax into Ukrainian company. A year ago Fairfax purchased 5.35% in another public company – Ovostar Union.