Fairfax Takes Position in Jordan Kuwait Bank

[JEast]

4.8% position purchased by Odessey Reinsurance Company.

 

http://www.ameinfo.com/259882.html

 

 

Cheers

JEast

[bluedevil]

Looks like Jordan Kuwait Bank is another business owned by KIPCO -- the Kuwaiti company from which Fairfax bought its interest in Gulf Insurance.

[Liberty]

I wonder if the instability in the region created a buying opportunity, or if this deal has been in the work for many months and it has nothing to do with it..