The Western Investment Company of Canada Ltd (TSE:WI) has released an update.
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The Western Investment Company of Canada Ltd has announced its plan to increase its stake in Fortress Insurance to 42.67% through the acquisition of an additional 1 million shares, conditional on a $20 million investment transaction. This move is part of Western’s strategy to transform into a robust insurance and investment holding company, aimed at delivering long-term shareholder returns through organic growth and strategic acquisitions. The company has also scheduled a webcast where executives will discuss the transaction and future plans.
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