Genworth Announces Update on Sale of Stake in Genworth MI Canada Inc. to Brookfield Business Partners
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: PR Newswire
RICHMOND, Va., Oct. 22, 2019 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) (Genworth) today announced it received feedback from Canadian regulators with respect to the transaction (the "Proposed Transaction") pursuant to which Brookfield Business Partners L.P. (Brookfield Business Partners) has agreed to purchase Genworth's majority interest in Genworth MI Canada Inc. (Genworth Canada).As previously disclosed, discussions with the Canadian regulators with respect to the acquisition of Genworth by China Oceanwide Holdings Group Co., Ltd. (Oceanwide) and its affiliates (the "Oceanwide Transaction") were focused on national security matters, including data protection and the safeguarding of our customers' information. The Canadian regulators continue to focus on those same matters in connection with their review of the pending sale of Genworth Canada to Brookfield Business Partners under the Insurance Companies Act (Canada). In particular, they are focused on the continued protect
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Sec Filings
- 4/17/24 - Form PX14A6G
- 4/11/24 - Form S-3ASR
- 4/8/24 - Form DEFA14A
- GNW's page on the SEC website