Further enhancement of its participation Fairfax to Metlen Energy & Metals announced today (24.3.2025).
Specifically, Metlen Energy & Metals and Fairfax Financials Holdings Limited have agreed to conclude an exchangeable bond of € 110 million, at which Fairfax will have the right to acquire 2,750,000 Metlen shares within two years. of the company.
After acquiring this percentage, the total percentage of Fairfax will amount to 8.35% of the company.
Fairfax President and CEO, Prem Watsahe made the following statement: “We are thrilled to further increase Fairfax’s investment in Metlen. The company has an excellent track-record and we look forward to working with Evangelos Mytilineos and his team to further develop the company in the long run. “
On the side ofPresident and CEO of Metlen, Evangelos MytilineosHe emphasized: “The further investment of Fairfax, a timely supportive and reliable shareholder, fills us with joy and enthusiasm for the faith of our second largest shareholder, for the future and its prospects.
Our rapid growth since 2012 (when Fairfax first came to Mytilineos then) is intertwined with the continuous reinforcement of Fairfax’s shareholder, which is why it is extremely welcome. “
Source: RES – EIA