Fairfax Financial Leads $1.6B Investment in Bank of Ireland

Canada’s Fairfax Financial Holdings is leading a group of investors, which also includes New York buyout firm WL Ross & Co., paying 1.1 billion euro ($1.6 billion) for a stake of up to 37 percent in Bank of Ireland, Reuters reported Tuesday, citing Irish media accounts. The deal is aimed at keeping the struggling bank out of state hands.