Foreign investors to meet with PM Tsipras and Greek entrepreneurs

26 January 2016
736 Views

Canadian businessman and founder of Fairfax Financial Holdings, Prem Watsa, and American hedge fund manager and head of Paulson & Co, John Paulson, will visit Greece early next week to have contacts with Greek businessmen and government officials, including Prime Minister Alexis Tsipras.

Fairfax Company participates in Eurobank, Grivalia, Praktiker Hellas, Mytilineos Group as well as the insurance group Eurolife, after the agreement between EFG Eurobank and Fairfax, according to which 80 percent of the shares of Eurolife ERB Insurance Group Holding SA will be transferred by Eurobank to the new shareholder (EFG Eurobank has a 20 percent stake).

Following the recent recapitalization of the Greek banks, Fairfax increased its stake in the share capital of Eurobank to about 17 percent from around 12 percent before the third recapitalization.

Paulson & Co has an around 9 percent stake in Piraeus Bank, a 7 percent stake in Alpha Bank and water utility EYDAP.

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