Welcome to our dedicated page for BROOKFIELD BUSINESS news (Ticker: BBUC), a resource for investors and traders seeking the latest updates and insights on BROOKFIELD BUSINESS stock.
Brookfield Business Corp (BBUC) delivers essential industrial services and operational solutions through a globally diversified portfolio. This news hub provides investors with timely updates on corporate developments, strategic initiatives, and financial performance.
Access official press releases and third-party analysis covering earnings reports, mergers & acquisitions, leadership updates, and operational milestones. Our curated collection simplifies tracking BBUC's progress in managing critical infrastructure and service businesses worldwide.
Key focus areas include capital allocation strategies, sector-specific developments, and management commentary. The resource is designed for both active traders monitoring short-term movements and long-term investors assessing fundamental value drivers.
Bookmark this page for streamlined access to Brookfield Business Corp's latest announcements, supplemented by contextual analysis of its position in global industrial markets. Regular updates ensure you stay informed about this unique corporate investment vehicle.
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+.
On April 20, 2023, Clarios Global LP announced the pricing of $750 million in senior secured notes with a 6.750% coupon, up from a previously planned $500 million. Additionally, the Company increased its new term loan facility from $1 billion to $2.75 billion, maturing in May 2030 at a margin of SOFR plus 3.75%. The total refinancing amounts to $3.5 billion and is aimed at extending the capital structure's maturity without raising overall borrowing costs significantly. Closing is expected on May 4, 2023. Proceeds will repay existing loans maturing April 2026. Clarios, owned by Brookfield Business Partners, focuses on advanced energy storage solutions.
BROOKFIELD, NEWS, March 17, 2023 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (BBUC) has filed its 2022 annual report on Form 20-F with the SEC and Canadian securities authorities. This includes audited financial statements for the year ending December 31, 2022. The reports are also accessible on their official website. Brookfield Business Partners, the flagship of Brookfield Asset Management, which oversees approximately $800 billion in assets, focuses on owning and operating high-quality businesses providing essential services. Shareholders can request a free hard copy of the report.
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