Fairfax to acquire Ukrainian insurance business

Posted On: Feb. 5, 2015 12:00 AM CST

Canada-based Fairfax Financial Holdings Ltd. has signed an agreement with QBE Management (Ireland) Ltd. and its Ukrainian partner to purchase QBE's Ukrainian insurance business, Interfax.com.ua reported.

The deal is expected to be finalized by the end of June, following which the business will be part of Fairfax Eastern Europe.