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Brookfield Sells Wembley Stadium Builder Multiplex for $650 Million
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Deals Brookfield Sells Wembley Stadium Builder Multiplex for $650 Million Brookfield Business Corp. has agreed to sell Multiplex, the construction company that built London’s Wembley Stadium, to Japan’s Obayashi Corp. for $650 million. Under the terms of the deal, Brookfield will receive $530 million in cash on closing and an earn-out based on future business performance, according to a statement Thursday. The transaction is expected to complete in the fourth quarter, pending closing...
Deals
Brookfield Sells Wembley Stadium Builder Multiplex for $650 Million
Brookfield Business Corp. has agreed to sell Multiplex, the construction company that built London’s Wembley Stadium, to Japan’s Obayashi Corp. for $650 million.
Under the terms of the deal, Brookfield will receive $530 million in cash on closing and an earn-out based on future business performance, according to a statement Thursday. The transaction is expected to complete in the fourth quarter, pending closing conditions and regulatory approvals.