VANCOUVER -- Fairfax Financial Holdings has signed a deal to buy a majority stake in the company that operates the Keg steakhouse chain of restaurants.
Fairfax will buy 51 per cent of Keg Restaurants Ltd. from its president and CEO, David Aisenstat, who will own the remaining 49 per cent and continue to lead the team that operates the business.
Financial terms weren't disclosed.
Keg Restaurants Ltd. pays a royalty on sales to Keg Royalties Income Fund which holds trademarks and other intellectual property used by the restaurant chain.
-- The Canadian Press