Genworth Has Canada Problems
March 19, 2019 by Allison Bell
China Oceanwide Holdings Group Co. Ltd. and Genworth Financial Inc. announced Thursday that China Oceanwide is still trying to acquire Genworth.
Genworth reported that one of the remaining obstacles is Canadian regulators’ worries about data security.
“Canadian regulators have not outlined a timeframe for the completion of their review of the transaction or requested any additional information at this time,” Genworth said, in a comment included in the extension announcement.
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Originally Posted at ThinkAdvisor on March 15, 2019 by Allison Bell.
Categories: Industry Articles