Investment bank Goldman Sachs was seeking to sell 92.3 million shares in Genworth Mortgage Insurance Australia on Monday afternoon.
Sources said Goldman was selling on behalf of Genworth’s United States-listed parent, Genworth Financial.
The shares would represent a 14.2 per cent stake in the Australian company.
The deal launched on Monday afternoon and priced at $3.08 a share or a slim 1.9 per cent discount to the $3.14 closing price on Monday.