Fairfax in Greece to stay after Praktiker venture

ATHENS — Toronto’s Fairfax Financial Holdings, once touted as a potential saviour for Blackberry, acquired Greece’s 14 Praktiker Hellas outlets in April and plans to be a long-term investor, according to Report on Business. Despite a lack of local enthusiasm for DIY projects, the banner held steady during the recession, making it a good bet for Fairfax, which now has an interest of some €1 billion.