Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 491

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 491
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4, the partnership, together with institutional partners, completed the acquisition of Network International Holdings Plc ("Network"), a digital payment processor in the Middle East and Africa. Following the acquisition, the partnership combined the business with its existing payment processing services operation. The partnership invested an incremental $ 156 11 110

Real estate services operation

On March 31, 2024, the partnership completed the sale of its general partner interest and residential real estate brokerage portfolio to Bridgemarq, a publicly listed real estate services operation and brokerage business in which the partnership has an equity accounted investment. As consideration, the partnership received limited partnership units in the Bridgemarq public entity, increasing the partnership’s ownership interest from 28 42 15

Industrials

Canadian aggregates production operation

On June 11, 2024, the partnership completed the sale of its Canadian aggregates production operation for total consideration of $ 140 84

Infrastructure services

Offshore oil services

On February 29, 2024, the partnership’s offshore oil services completed the sale of its non-core towage business. The proceeds realized from the sale were equal to the carrying value of the business disposed, resulting in no gain or loss.

(b)Dispositions completed in 2023

Business services

Residential property management operation

On March 31, 2023, the partnership completed the sale of its residential property management operation, resulting in a pre-tax net gain of$ 67 recorded in the consolidated statements of operating results, included in gain (loss) on acquisitions/dispositions, net.

  Brookfield Business Partners      F-43  

Table of Contents

BROOKFIELD BUSINESS PARTNERS L. P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As at December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022

Dealer software and technology services operation

On May 1, 2023, th e partnership’s dealer software and technology services operation completed the sale of its non-core division servicing the heavy equipment sector for total consideration of$ 490 resulting in a pre-tax net gain of $ 87 gain (loss) on acquisitions/dispositions, net.

Road fuels operation

On November 10, 2023, th e partnership’s road fuels operation completed the sale of its North American retail gas station assets for aggregate consideration of $ 460 42

Technology services operation

On December 14,