- Prem Watsa's Fairfax Financial (OTCPK:FRFHF) - along with Wilbur Ross - stepped into Bank of Ireland (IRE, OTCPK:IREBY) when it was teetering on failure in 2011, and has hired Deutsche to place 935M shares, which would whittle its stake in half to 2.9% of the lender.
- Fairfax will be selling the stock for almost four times what it paid.
- Ross and Fairfax sold about 2B shares in the bank about a year ago, and Ross exited his stake completely in June.