Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 106

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 4
Chunk 106
---
 issued and outstanding LP Units that Brookfield currently own). See 10. B, “ Memorandum and Articles of Association - Description of the Holding LP Limited Partnership Agreement - Redemption-Exchange Mechanism”.

(6) The Holding LP currently owns, directly or indirectly, all of the common shares or equity interests, as applicable, of the Holding Entities.

(7) Brookfield holds $5 million of preferred shares of each of CanHoldco and two of our other subsidiaries, which preferred shares will be entitled to vote with the common shares of the applicable entity. Brookfield currently has an aggregate of 1% of the votes of each of the three entities.

(8) The partnership has a commitment agreement with Brookfield, whereby Brookfield agreed to subscribe for up to $1.5 billion of preferred equity securities of subsidiaries of the partnership. As of December 31, 2024, $725 million of perpetual preferred equity securities with an annual dividend of 7% are outstanding and the remaining capacity available under the commitment agreement with Brookfield is $25 million.

(9) As of the date of this Form 20-F, Brookfield Holders hold approximately 66.1% of the BBUC exchangeable shares and approximately 34.0% are held by the public, and the partnership owns all of the BBUC class B shares and class C shares. The BBUC exchangeable shares and class B shares control 25% and 75%, respectively, of the aggregate voting rights of BBUC. Through the ownership of BBUC exchangeable shares and class B shares, Brookfield Holders and the partnership collectively hold an approximate 91.5% voting interest in BBUC. See Item 10. B, “ Memorandum and Articles of Association - BBUC”.

The following table provides the percentage of voting securities owned, controlled, or directed, directly or indirectly, by us, and our economic interest in our significant subsidiaries as at December 31, 2024.

  Significant subsidiaries                     Jurisdiction of      Voting interest (%)      Economic interest (%)  
                                               organization                                                         
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Business services                                                                                                 
  Healthscope Pty Ltd                          Australia                           100%                        28%  
  Unidas Locadora S. A.                        Brazil                              100%                        35%  
  Sagen MI Canada Inc.                         Canada                              100%                        41%  
  IndoStar Capital Finance Limited             India                                56%