Insurance company Fairfax Financial Holdings has acquired, through its subsidiaries, 828,500 subordinate voting shares of media company CanWest Global Communications.
The acquisition brings the total holdings in CanWest Global Communications to 13,390,300 subordinate voting shares or approximately 13.46% of the outstanding total subordinate voting shares. The shares were purchased through the facilities of the Toronto Stock Exchange.
Fairfax said that it is continually reviewing its investment alternatives and may purchase additional CanWest Global shares from time to time in accordance with the applicable laws.