Edition:
United Kingdom

Fairfax to make C$190 million investment into AGT Food and Ingredients Inc.


Tuesday, 25 Jul 2017 

July 25 (Reuters) - Agt Food And Ingredients Inc ::Fairfax to make C$190 million investment into agt food and ingredients inc..AGT Food And Ingredients Inc - ‍entered into a letter agreement pursuant to which Fairfax Financial Holdings Limited, through certain subsidiaries​.AGT Food and Ingredients- ‍Fairfax to make investment of c$190 million in co for issuance by AGT of 5.375pct interest bearing securities,common share purchase warrants​.AGT Food And Ingredients Inc - ‍Fairfax will have right to nominate one independent director to board of directors of AGT​.AGT Food and Ingredients Inc - ‍Fairfax will become entitled to nominate an additional independent director upon exercise of all of warrants​.AGT Food And Ingredients Inc - ‍proceeds raised from fairfax transaction will be used by agt for immediate repayment of debt, future growth initiatives​.