FAIRFAX FINANCIAL HOLDINGS $392.57 (Toronto symbol FFH: TSINetwork Rating: Average) (416-367-2612; www.fairfax.ca; Shares outstanding: 19.9 million; Market cap: $7.8 billion; Dividend yield: 2.5%) has agreed to buy 77% of Thomas Cook (India) Ltd., a publicly traded company that sells travel, insurance and foreign exchange services in India.
Fairfax is buying this stake from struggling U.K.- based parent company Thomas Cook Group plc for $150 million U.S.
This investment should help Fairfax profit from increasing business travel to India.
Fairfax Financial is a buy.