Posted AT 11:08 PM EST on 08/02/08
Fairfax boosts stake in CanWest
Fairfax Financial Holdings Ltd., the insurance company controlled by reclusive chief executive officer Prem Watsa, said Friday it has increased its stake in CanWest Global Communications Corp. as it continues to invest in slumping media stocks.
Mr. Watsa's company boosted its holdings in CanWest to 13.46 per cent of the outstanding subordinate shares, up from 11.1 per cent, with the purchase of 828,500 shares.
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