Corporate simplification of Brookfield Business Partners
On March 27, 2026, Brookfield Business Partners L.P. (“BBU”) and Brookfield Business Corporation (“BBUC”) completed a corporate simplification to convert into one publicly traded Canadian corporation.
The transaction was implemented pursuant to a court-approved plan of arrangement in which all BBU limited partnership units, BBUC class A exchangeable shares and redemption-exchange units in BBU held by Brookfield were exchanged for new class A shares of the new Canadian corporation on a one-for-one basis. The new corporation assumed the name Brookfield Business Corporation. The new class A shares of Brookfield Business Corporation are listed on both the NYSE and TSX and have a market capitalization that reflects the combined capitalization of BBU and BBUC.
Further information can be found on Globe Newswire’s website.
Brookfield Business Corporation (NYSE, TSX: BBUC) is a global owner and operator of vital industrial and business services operations. Its objective is to acquire market-leading businesses for value, execute our operational improvement plans to increase cash flows, and recycle capital to compound long-term growth. For more information, please visit https://bbuc.brookfield.com.
Brookfield Business Corporation is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.