Watsa Makes Second Big Greek Investment

Fairfax Financial Holdings Ltd (TSE:FFH) has acquired a 5 percent stake in Greek industrial firm Mytilineos worth €30 million, as first spotted by Harry Papachristou for Reuters and reported in official filings. This is Fairfax Financial Holdings Ltd (TSE:FFH)’s second major Greek purchase this year, and one more in what is becoming a clear trend of Western funds investing heavily in Greece. Greek companies likely to rapidly gain value “We continue supporting Greece and believe that the country has made great progress in dealing with its serious economic issues,” said Fairfax Financial Holdings Ltd (TSE:FFH) CEO Prem Watsa in a filing statement….