Business
Brookfield Business Partners Announces Simplification via Conversion to Canadian Corporation
BROOKFIELD, NEWS, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners announced today...
About this update from Brookfield Business Corporation Class A
[{"type":"text","content":"Brookfield Business Partners Announces Simplification via Conversion to Canadian Corporation\n\n\n\n BROOKFIELD, NEWS, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners announced today that it has approved plans to simplify its corporate structure by converting Brookfield Business Partners LP (“BBU”) and Brookfield Business Corporation (“BBUC”) into one publicly traded Canadian corporation (“BBU Inc.”).\n \n\n “We are pleased to announce the next stage in Brookfield Business Partners’ evolution as a public company,” said Anuj Ranjan, CEO of Brookfield Business Partners. “The conversion into a single corporate entity is designed to broaden our investor base, increase index demand and make it easier to invest in our shares which we expect will drive long-term value for all our shareholders.”\n \n\n BBUC shares currently trade at an approximate 25% premium to BBU limited partnership units and having one publicly traded corporation will benefit all holders.\n \n\n The anticipated benefits of the corporate reorganization include:\n \n\n\n Broader access to global investors who prefer corporate structures\n \n\n\n\n Improved consolidated trading liquidity through a single listed security\n \n\n\n\n Increased demand from expected index inclusion\n \n\n\n\n Simplified financial reporting and elimination of partnership tax reporting forms\n \n\n\n\n Transaction is tax-deferred for Canadian and U.S. investors\n \n\n\n\n\n\n Corporate Reorganization Details\n \n\n\n All BBU limited partnership units, BBUC class A exchangeable shares and redemption-exchange units in BBU held by Brookfield will be exchanged for new class A shares of BBU Inc. on a one-for-one basis. The class A shares of BBU Inc. are expected to be listed on both the NYSE and TSX and have a market capitalization that reflects the combined capitalization of BBU and BBUC. BBU and BBUC are expected to cease to be reporting issuers following closing of the transaction and BBU Inc. is expected to become a reporting issuer. There will be no change to Brookfield’s ownership of Brookfield Business Partners as a result of the transaction.\n \n\n BBU Inc. will pay an annual dividend of $0.25 per share, consistent with the current distribution to existing BBU unitholders and the curren...