Prem Watsa’s Fairfax spends $78.7m to lift Atlas Corp stake to $2bn

New York-listed parent of Seaspan Corp reveals a dip in fourth-quarter profits, but not enough to prevent full-year earnings growth.

16 February 2023 2:22 GMT Updated 16 February 2023 7:32 GMT

in Stamford

Canadian billionaire Prem Watsa’s Fairfax Financial Holdings has lifted his stake in Atlas Corp by spending $78.7m to exercise warrants.

Atlas, which controls container ship giant Seaspan Crop, revealed the move as it reported a dip in quarterly profits.

The company said Watsa’s Fairfax Financial Holdings exercised warrants in January to purchase 6m shares for prices between $13 and $13.71

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