Deals
Prem Watsa Keeps Faith in Greek Bank That's Only Caused Him Pain
- Fairfax CEO says Eurobank poised to help Greek economy grow
- Watsa spoke in interview after proposed merger with Grivalia
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After losing hundreds of millions of euros betting on a turnaround of Greek banks, Prem Watsa still sees recovery around the corner.
Eurobank Ergasias SA’s proposed merger with Grivalia Properties REIC reunites two companies the Canadian investor has built major stakes in over the past five years. The deal, announced on Monday, will make Watsa’s Fairfax Financial Holdings Ltd. the largest shareholder in the new lender with a 33 percent stake.