Metlen Energy and Metals has entered into an exchangeable bond agreement with Fairfax Financial Holdings Limited, valued at €110 million. This agreement grants Fairfax the right to acquire 2,750,000 shares of Metlen at €40 per share within the next two years, which represents a 1.92% stake in the company. Once this acquisition is finalized, Fairfax's total ownership in Metlen will rise to 8.35%. 

Prem Watsa, Chairman and CEO of Fairfax, expressed enthusiasm about the investment, stating, "We are excited about the further increase of Fairfax's investment in Metlen. The Company has an excellent track record, and we look forward to collaborating with Evangelos Mytilineos and his team for the long-term development of the company."