Genworth Financial, Inc. (NYSE: GNW) said today that it had completed the previously announced sale of its employee benefits group (EBG) business to Sun Life Financial, Inc. Proceeds from the transaction will be used to fund core growth and other capital priorities, including acquisitions, share repurchase, dividends or debt repayment."We are pleased to complete this transaction," said Michael D. Fraizer, chairman and chief executive of Genworth. "It allows us to sharpen our focus and allocate capital to opportunities which create future growth and improve returns for our shareholders."
About Genworth Financial
Genworth is a leading financial security company meeting the retirement, longevity, lifestyle protection, investment and mortgage insurance needs of more than 15 million customers, with a presence in 25 countries. For more information, visit http://genworth.com.
No comments:
Post a Comment