BROOKFIELD BUSINESS CORP Stock Price, News & Analysis

Brookfield Business Partners (NYSE: BBU, TSX: BBU.UN) has announced the completion of its 2024 annual filings, including audited financial statements for the year ended December 31, 2024. The documents have been filed with the SEC on EDGAR and Canadian securities authorities on SEDAR+.

The company, a global business services and industrials organization focusing on essential products and services, offers investors flexibility through two investment vehicles: Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) and Brookfield Business (NYSE, TSX: BBUC). As the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, it operates under Brookfield Asset Management, which manages over $1 trillion in assets.

Brookfield Business Partners (NYSE: BBU; TSX: BBU.UN) has scheduled its First Quarter 2025 Conference Call & Webcast for Friday, May 2, 2025, at 10:00 a.m. ET. The company will release its Q1 2025 financial results prior to 8:00 a.m. ET on the same day.

Participants can join through a pre-registration conference call system that provides a unique PIN to bypass the operator queue, or via webcast. A replay of the webcast will be available on the company's website.

Brookfield Business Partners, a global business services and industrials company, offers investors flexibility to invest through either the partnership (BBU) or Brookfield Business (BBUC). The company operates as the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, which manages over $1 trillion in assets.

Brookfield Business (NYSE, TSX: BBUC) has announced the completion of its 2024 annual filings. The company has submitted its 2024 annual report on Form 20-F, including audited financial statements for the year ended December 31, 2024, to both the SEC on EDGAR and Canadian securities authorities on SEDAR+.

The documents are accessible on the company's website at bbu.brookfield.com/bbuc in the Reports & Filings section, with hard copies available to shareholders upon request. Brookfield Business operates as part of Brookfield Business Partners, a global business services and industrials company focused on essential products and services. Investors can choose to invest through either Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) or BBUC.

The company operates under Brookfield Asset Management's Private Equity Group, which manages over $1 trillion in assets.

Brookfield Asset Management and Brookfield Business Partners have completed the acquisition of Chemelex from nVent Electric Plc for $1.7 billion. Chemelex is a global leader in electric heat trace systems, specialized wiring systems that regulate pipe temperatures in industrial plants and commercial buildings. The company, which invented electric heat tracing in 1972, serves industrial, commercial, residential, energy, and infrastructure markets.

The acquisition was funded with approximately $830 million of equity, with Brookfield Business Partners investing $210 million for a 25% interest. The remaining funding came from institutional partners. Brookfield brings expertise in driving operational transformation in industrials and manufacturing businesses, with previous investments including Clarios, Westinghouse, and GrafTech.

Brookfield Business (BBUC) announced that all ten nominees for the board of directors were elected during the annual general meeting held on June 20, 2024. The virtual meeting saw a strong shareholder turn-out, with Exchangeable Shares holding 25% and Class B Shares holding 75% of the voting interest. Detailed voting results showed an overwhelming support for the nominees, including Cyrus Madon and Patricia Zuccotti, who received nearly unanimous votes. Brookfield Business Partners, a subsidiary of Brookfield Asset Management, focuses on high-quality business services and industrials globally. Voting details are available on SEDAR+.