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Canadian insurance firm gets 35% BIC stake

Canadian insurance firm gets 35% BIC stake

Fairfax Asia Limited, a subsidiary of Canadian insurance and reinsurance firm Fairfax Financial Holdings Limited, bought 41 million shares in the BIDV Insurance Corporation (BIC) on January 5.
BIDV Securities lowers foreign stake

BIDV Securities lowers foreign stake

The BIDV Securities Corporation (BIC) has reduced the foreign ownership limit in the company''s capital from 49 per cent to 21.5 per cent.
Canadian insurer to acquire BIDV Insurance stake

Canadian insurer to acquire BIDV Insurance stake

Canada''s Fairfax Asia Limited will acquire some 41 million shares, or 35 per cent, of BIDV Insurance Corporation, thus becoming a strategic investor in the firm.