Fairfax Africa Holdings Corporation: Third Quarter Financial Results
Retrieved on:
Thursday, October 29, 2020
The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)
Key Points:
- The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)
- The special meeting of shareholders of Fairfax Africa to consider the strategic transaction is scheduled for December 4, 2020.
- In connection with the Strategic Transaction, Fairfax Africa will sell its 42.3% equity interest in Atlas Mara to Fairfax for an aggregate purchase price of $40 million.
- As a result of these agreements, Fairfax Africa has recorded a net change in unrealized gains on investments of $28.2 million.