Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 87

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 4
Chunk 87
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 BBUC exchangeable share is exchangeable, at the BBUC shareholder’s option, for one LP Unit (subject to adjustment to reflect certain capital events) or its cash equivalent.

The share capital of BBUC comprises BBUC exchangeable shares, class B multiple voting shares and class C non-voting shares. The BBUC exchangeable shares and class B shares control 25% and 75%, respectively, of the aggregate voting rights of the shares of BBUC. Brookfield Holders hold approximately 66.1% of the BBUC exchangeable shares and our partnership indirectly owns all of the class B shares and class C shares.

  56      Brookfield Business Partners  

Recent Business Developments

The following table outlines significant transactions and events that transpired in our business since January 1, 2024:

  Date                Segment                      Event                                                                                                                                                                                                 
  March 2024          Business services            We completed the sale of our general partner interest and residential real estate brokerage portfolio to Bridgemarq, a publicly listed real estate services operation and brokerage business in w...  
  June 2024           Industrials                  We completed the sale of our Canadian aggregates production operation for total consideration of $140 million, resulting in a pre-tax net gain of $84 million.                                        
  July 2024           Business services            We completed the previously announced sale of our road fuels operation for total consideration of $250 million resulting in a pre-tax net gain of $483 million.                                       
  September 2024      Business services            Our Indian non-bank financial services operation reached an agreement to sell its non-core home finance lending operation. The business expects to generate approximately $200 million of proceed...  
  January 2025        Industrials                  In January 2025, our advanced energy storage operation raised $5 billion of new first lien debt. $4.5 billion of the proceeds were used to fund a special distribution to owners, of which our sh...  
  January 2025        Infrastructure services      On January 16, 2025, our offshore oil services completed the previously announced sale of its shuttle tanker operation for consideration of $484 million, of which our share was approximately $2...  
  January 2025        Industrials                  On January 30, 2025, together with institutional partners, we completed the acquisition of Chemelex, a leading manufacturer of electric heat tracing systems, through a carve-out from a larger i...  
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