Fairfax to Acquire Majority Stake in The Keg


VANCOUVER — The executives behind The Keg Royalties Income Fund and Keg Restaurants Ltd. (KRL) have announced that Fairfax Financial Holdings Limited (Fairfax) has agreed to acquire 51 per cent of the common shares of KRL from David Aisenstat, the chain’s president and CEO.

“Fairfax will bring additional expertise and resources to The Keg, and we are excited at the opportunities available to The Keg moving forward through this relationship,” said Aisenstat.

Aisenstat will continue to own the remaining 49 per cent of the common shares of KRL and he, along with the rest of the KRL management team, will remain in operational control of the company.

The transaction is anticipated to be completed in January.

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