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.