Updated
Updated · Bloomberg · Jun 18
Brookfield Sells Multiplex to Obayashi for $650 Million, Taking $530 Million Cash at Close
Updated
Updated · Bloomberg · Jun 18

Brookfield Sells Multiplex to Obayashi for $650 Million, Taking $530 Million Cash at Close

2 articles · Updated · Bloomberg · Jun 18

Summary

  • $650 million is the agreed price for Brookfield Business Corp.'s sale of Multiplex, the construction company behind London's Wembley Stadium, to Japan's Obayashi Corp.
  • Brookfield said it will receive $530 million in cash when the deal closes, with the remaining value tied to an earn-out based on Multiplex's future business performance.
  • The transaction is expected to complete in the fourth quarter, subject to customary closing conditions and regulatory approvals.

Insights

Why is Brookfield swapping a world-famous stadium builder for a high-stakes gamble on the future of AI infrastructure?
With most earn-outs failing, could a hidden clause in the $650M deal cost the seller millions?
How is Japan’s demographic crisis forcing its top companies to spend billions on overseas firms for their survival?