After whetting its appetite with the acquisition of Praktiker Hellas, Fairfax Financial Holdings is believed to invest 1.3 billion euros in Eurobank’s capital increase, thus becoming the bank’s major shareholder.
Aside from Praktiker Hellas, Fairfax has acquired 42% of Eurobank Properties (which coincidently owns the facilities that Praktiker leases in Greece) and 5% of the Mytilineos Group.
In the past, Fairfax’s founder, chairman and chief executive Prem Watsa has expressed his support for the Samaras administration and belief in the recovery of the Greek economy.
