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Brookfield Business Partners LP (BBU_u.TO)

BBU_u.TO on Toronto Stock Exchange

49.80CAD
13 Sep 2019
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Tue, Aug 13 2019

Genworth to sell Canada unit stake to Brookfield in $1.81 billion deal

Genworth Financial Inc agreed on Tuesday to sell its 57% stake in its Canadian mortgage insurance unit for about C$2.4 billion ($1.81 billion), as the U.S. insurer looks to close its long-delayed sale to China Oceanwide Holdings Group Co Ltd.

UPDATE 1-Genworth to sell Canada unit stake to Brookfield in $1.81 bln deal

Aug 13 Genworth Financial Inc agreed on Tuesday to sell its 57% stake in its Canadian mortgage insurance unit for about C$2.4 billion ($1.81 billion), as the U.S. insurer looks to close its long-delayed sale to China Oceanwide Holdings Group Co Ltd.

Brookfield to buy 57% in Genworth's Canada unit in $1.81 bln deal

Aug 13 Asset manager Brookfield Business Partners LP said on Tuesday it would buy 57% in Genworth Financial Inc's Canadian mortgage insurance unit for about C$2.4 billion ($1.81 billion).

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