FFHL Group Limited agreed to acquire 75% stake in Public Joint Stock Company Insurance Company Universalna (UKR : SKUN) on August 13, 2019. Upon completion of the transaction, The European Bank for Reconstruction and Development will remain as a minority shareholder. Pursuant to the transaction, no changes are expected to the business operations of Universalna. The transaction is subject to approval of Antimonopoly Committee of Ukraine, further documentation and other conditions, including other regulatory approvals. As of August 15, 2019, the Antimonopoly Committee of Ukraine permitted Fairfax Financial Holdings Limited, parent Company of FFHL Group Limited, to acquire shares in Public Joint Stock Company Insurance Company Universalna. As of October 7, 2019, FFHL announced its intention to acquire 70.58% stake in Private Joint Stock Company Insurance Company Universalna with the acquisition of around 136.02 million shares of Private Joint Stock Company Insurance Company Universalna. FFHL Group Limited completed the acquisition of 70.58% stake in Public Joint Stock Company Insurance Company Universalna (UKR : SKUN) on November 6, 2019.