August 13, 2019 / 10:55 AM / 13 days ago

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

Aug 13 (Reuters) - 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).

Brookfield would buy about 4.9 million common shares of Genworth MI Canada Inc for C$48.86 per share, the company said. [reut.rs/2Z2K7LR ]

$1 = 1.3252 Canadian dollars Reporting by Abhishek Manikandan in Bengaluru; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below