Fairfax Announces Successful Completion of Sale of Eurolife Life Insurance Operations to Eurobank

Fairfax Financial Holdings Limited has successfully completed the sale of its 80% equity interest in Eurolife FFH Insurance Group Holdings S.A. to Eurobank S.A. for approximately €813 million in cash. The company also announced plans to acquire an interest in IDBI Bank as a strategic buyer, with intentions to contribute Digit Insurance and IIFL Capital to the bank.