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Company News

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

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