Brookfield Business Partners announced plans to simplify its corporate structure by converting Brookfield Business Partners LP (BBU) and Brookfield Business Corporation (BBUC) into a single publicly traded Canadian corporation, BBU Inc. This strategic move aims to streamline the investment vehicle for shareholders.
Under the proposed plan, all existing BBU limited partnership units, BBUC class A exchangeable shares, and redemption-exchange units held by Brookfield will be exchanged for new class A shares of BBU Inc. on a one-for-one basis. The new BBU Inc. shares are expected to be listed on both the NYSE and TSX, reflecting the combined market capitalization of the current entities.
The company anticipates that this conversion will broaden its investor base, increase index demand, and make it easier to invest in its shares, ultimately driving long-term value. BBU Inc. is expected to pay an annual dividend of $0.25 per share, consistent with current distributions, and the transaction is projected to be completed during the first quarter of 2026, subject to necessary approvals.
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