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Brookfield Sells Wembley Stadium Builder Multiplex for $650 Million

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.
Brookfield Sells (ORG) Wembley Stadium Builder Multiplex (ORG) Brookfield Business Corp. (ORG) Multiplex (ORG) London (LOCATION) Wembley Stadium (LOCATION) Japan (LOCATION) Obayashi Corp. (ORG) Brookfield (LOCATION)
Originally published by Bloomberg Markets Read original →