Brookfield disposes of Wembley project 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. The deal includes $530 million in cash, with the remainder subject to future performance. The company expects to complete the transaction in the fourth quarter of the year, contingent upon meeting closing conditions and regulatory approvals. Brookfield is seeking to boost its revenues, which have reached two billion dollars since the start of the year, through sales and investments in construction and real estate development projects.
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