Genworth Financial Inc. filed a shelf registration statement Friday with the Securities and Exchange Commission for the possible future sale of any or all of the 243.2 million shares of its common stock currently held by an affiliate of General Electric Co.
The statement was filed in connection with GE's stated intent to reduce its ownership in Genworth in an orderly manner during the next two years as Genworth becomes fully independent.
Once the SEC approves, the registration statement would let GE offer and sell all or part of its 52% equity interest in Genworth. The filing does not oblige GE to sell any shares, however. Genworth will receive no proceeds from such sales.
Genworth is an insurance holding company with more than 15 million customers and operations in 23 countries.
