DivestmentJun 18, 2026, 06:47 AM
Brookfield Business Sells Multiplex for $650M
AI Summary
Brookfield Business Corporation announced it has agreed to sell its global construction business, Multiplex, to Obayashi Corporation for $650 million. The transaction includes approximately $530 million in cash proceeds on closing and an earn-out based on future business performance. CEO Anuj Ranjan highlighted the deal as a strong outcome for shareholders, demonstrating capital recycling and supporting growth, noting the company has secured nearly $1 billion in proceeds from asset sales this year. The sale is expected to close in the fourth quarter of 2026, pending regulatory approvals.
Key Highlights
- Brookfield Business Corporation agreed to sell its global construction business, Multiplex, to Obayashi Corporation.
- The total sale price for Multiplex is $650 million.
- Approximately $530 million of the proceeds will be cash on closing.
- The deal includes an earn-out based on Multiplex's future business performance.
- Brookfield Business Corporation has secured nearly $1 billion in proceeds from asset sales and distributions this year.
- The transaction is subject to customary closing conditions and regulatory approvals.
- Closing is expected in the fourth quarter of 2026.
Price Impact
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