Brockfield offloads Wembley for 650M

Brookfield Business Corporation announced the sale of "Multiplex," the company that built Wembley Stadium in London, to the Japanese company Obayashi for $650 million. Brookfield will receive $530 million in cash upon the completion of the deal, with future payments contingent on performance, and the transaction is expected to be finalized in the fourth quarter of this year. Multiplex is a construction company founded in 1962, operating in the Australian, UK, and Canadian markets. Its projects include Wembley Stadium as well as various residential and commercial developments.

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