An anonymous director reports
CANADIAN REGULATORS APPROVE SALE OF GENWORTH'S STAKE IN GENWORTH MI CANADA INC. TO BROOKFIELD BUSINESS PARTNERS
Brookfield Business Partners LP, together with its institutional partners, has received approval under the Insurance Companies Act (Canada) to purchase Genworth Financial Inc.'s majority interest in Genworth MI Canada Inc. (Genworth Canada). With the receipt of this approval, all regulatory approvals required for the completion of this transaction have now been obtained. The parties expect to complete the Genworth Canada transaction on Dec. 12, 2019.
About Brookfield Business Partners LP
Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs.
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