Completion of Strategic Transaction Between Helios Holdings Limited and Fairfax Africa Holdings Corporation
TORONTO and LONDON, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Following shareholder approval at the Fairfax Africa Holdings Corporation (Fairfax Africa) special meeting of shareholders on December 4, 2020, Fairfax Africa and Helios Holdings Limited are pleased to announce the completion of the strategic transaction signed on July 10, 2020.
- TORONTO and LONDON, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Following shareholder approval at the Fairfax Africa Holdings Corporation (Fairfax Africa) special meeting of shareholders on December 4, 2020, Fairfax Africa and Helios Holdings Limited are pleased to announce the completion of the strategic transaction signed on July 10, 2020.
- Fairfax Africa has been renamed Helios Fairfax Partners Corporation (HFP) and will continue to be listed on the Toronto Stock Exchange under the symbol HFPC.
- The transaction creates a leading pan-Africa focused listed investment holding company that has the benefit of the separate asset management activities of Helios Investment Partners LLP (Helios).
- Prior to the closing of the transaction, Hisham Ezz Al-Arab and Paul Rivett resigned from the board of Fairfax Africa.