AGT Foods closes initial public offering and concurrent Fairfax private placement of common shares
On March 9, 2026, AGT Food and Ingredients Inc. ("AGT Foods"), majority owned by Fairfax Financial Holdings Limited (“Fairfax”), announced the closing of its initial public offering (the “offering”) of common shares of AGT Foods.
The offering consisted of a treasury offering of 18,478,212 common shares at a price of C$23 per share, for total gross proceeds to AGT Foods of approximately C$425 million.
The offering was made through a syndicate of underwriters led by National Bank Capital Markets and Scotiabank, as joint lead bookrunners, Raymond James Ltd. as bookrunner and ATB Securities Inc., Canaccord Genuity Corp., BMO Capital Markets, RBC Capital Markets, TD Securities Inc., CIBC Capital Markets and Desjardins Capital Markets.
AGT Foods also announced the closing of its concurrent private placement to certain affiliates of Fairfax of an aggregate of 8,695,700 common shares at a price of C$23 per share, for gross proceeds of approximately C$200 million (the “Fairfax private placement”).
Further information can be found on Canada Newswire’s website.
Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.
AGT Foods is a Saskatchewan-based global leader in plant-based proteins and value-added processing of pulses, grains, staple foods and ingredients for export and domestic markets, majority owned by Fairfax Financial Holdings Limited.