Brockfield sells multiplex, builds Wembley for 650M

Brookfield Business Partners announced the sale of Multiplex, the company known for constructing Wembley Stadium in London, to the Japanese company Obayashi for $650 million, including $530 million in cash and performance-related payments. The deal is expected to close in the fourth quarter of this year. This sale aligns with Brookfield's strategy of raising over a billion dollars from asset sales since the beginning of the year. Founded in 1962, Multiplex operates in construction and development projects across Australia, the United Kingdom, and Canada, with notable projects including Wembley Stadium and waterfront residential developments in Toronto.

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