Brookfield Business sets date for simplification

Brookfield Business Partners and Brookfield Business Corporation are moving ahead with a previously announced corporate simplification after receiving all required approvals.

Rhea-AI Filing Summary

Brookfield Business Partners and Brookfield Business Corporation are moving ahead with a previously announced corporate simplification after receiving all required approvals. They plan to combine into a single publicly traded Canadian corporation under the name Brookfield Business Corporation.

Before markets open on March 27, 2026, all BBU limited partnership units, BBUC Class A exchangeable shares and certain redemption-exchange units held by Brookfield are expected to be exchanged on a one-for-one basis for newly issued Class A shares of the new corporation.

After the reorganization, the new Class A shares of Brookfield Business Corporation are expected to begin trading on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “BBUC” on March 31, 2026. Management highlights goals of greater index inclusion, improved trading liquidity and a broader global investor base as key reasons for simplifying the structure.

Insights

Equity restructuring analyst

Brookfield is collapsing a dual structure into one listed Canadian corporation.

Brookfield Business Partners and Brookfield Business Corporation plan to complete a court-approved reorganization that exchanges BBU and BBUC equity into one class of shares in a new Canadian corporation, effective before markets open on March 27, 2026.

All BBU units, BBUC Class A exchangeable shares and certain Brookfield-held redemption-exchange units will convert one-for-one into new Class A shares. The new Brookfield Business Corporation shares are expected to trade on NYSE and TSX as “BBUC” starting March 31, 2026, subject to the forward-looking risks and factors the company outlines.

Management cites potential benefits such as greater index inclusion, improved trading liquidity and a broader investor base, but these outcomes depend on market reception and broader conditions. Investors can look to future disclosures after March 31, 2026 to see how the simplified structure is reflected in trading and index participation.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What corporate change did Brookfield Business Partners (BBU) announce in this 6-K?

Brookfield Business Partners and Brookfield Business Corporation plan to simplify into one Canadian corporation. All BBU units and BBUC Class A exchangeable shares will be exchanged one-for-one for new Class A shares of Brookfield Business Corporation under a court-approved reorganization.

When is the Brookfield Business corporate simplification expected to become effective?

The reorganization plan is expected to become effective before markets open on March 27, 2026. At that time, existing BBU units, BBUC Class A exchangeable shares and certain Brookfield-held redemption-exchange units will convert into new Class A shares of the combined corporation.

How will BBU and BBUC securities be exchanged in the Brookfield transaction?

On closing, each BBU limited partnership unit and each BBUC Class A exchangeable share will be exchanged one-for-one for a newly issued Class A share of the new Canadian corporation. Certain redemption-exchange units held by Brookfield will also convert on the same one-for-one basis.

What will the new Brookfield Business Corporation shares trade under after the reorganization?

Following completion of the reorganization, the newly issued Class A shares of Brookfield Business Corporation are expected to trade on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “BBUC” beginning on March 31, 2026, according to the company’s statement.

Why is Brookfield Business Partners simplifying its corporate structure?

Management states that converting into a single listed corporate entity should provide benefits such as greater index inclusion, improved trading liquidity and a broader global investor base. They believe this simplified structure will support their focus on creating long-term value for shareholders.

Are there forward-looking risks associated with Brookfield’s simplification transaction?

Yes. The company highlights that statements about the expected closing date, the share exchange and trading start date are forward-looking. Actual outcomes may differ due to risks described in BBU’s and BBUC’s filings, including their most recent Annual Reports on Form 20-F and joint information circular.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 03/16/2026 - 06:45 AM EDT Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number: 001-37775	Commission file number 001-41313
Brookfield Business Partners L.P. (Exact name of Registrant as specified in its charter)	BROOKFIELD BUSINESS CORPORATION (Exact name of Registrant as specified in its charter)
73 Front Street, 5th Floor Hamilton, HM 12 Bermuda (Address of principal executive office)	250 Vesey Street, 15th Floor New York, New York 10281 (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press Release dated March 16, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Brookfield Business Partners L.P.
	by its general partner, Brookfield Business Partners Limited
Date: March 16, 2026	By:	/s/ Jane Sheere
		Name: Jane Sheere
		Title: Corporate Secretary
	BROOKFIELD BUSINESS CORPORATION
Date: March 16, 2026	By:	/s/ Jaspreet Dehl
		Name: Jaspreet Dehl
		Title: Chief Financial Officer

EXHIBIT 99.1

Brookfield Business Partners Announces Closing Date of Corporate Simplification

BROOKFIELD, NEWS, March 16, 2026 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (“BBU”) and Brookfield Business Corporation (“BBUC”) announced today that they have received all required approvals to complete the previously announced corporate simplification to convert into one publicly traded Canadian corporation.

“Today represents an important milestone in the continued growth and evolution of our business as we near the completion of simplifying our corporate structure,” said Anuj Ranjan, CEO of Brookfield Business Partners. “We expect the benefits of converting into a single listed corporate entity – including greater index inclusion and improved trading liquidity will help broaden our global investor base and support our continued focus on creating long-term value for our shareholders.”

The court-approved plan of arrangement is expected to become effective prior to markets open on March 27, 2026. On closing, all BBU limited partnership units, BBUC Class A exchangeable shares and redemption-exchange units held by Brookfield will be exchanged for newly issued Class A shares of the new Canadian corporation on a one-for-one basis. The new corporation will assume the name Brookfield Business Corporation.

Following completion of the reorganization, the newly issued Class A shares of Brookfield Business Corporation are expected to commence trading on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “BBUC” on March 31, 2026.

About Brookfield Business Partners
Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors currently have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX; BBU.UN), a limited partnership, or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

For more information, please contact:

Media:
Marie Fuller
Tel: +44 207 408 8375
Email:marie.fuller@brookfield.com
Investors:
Alan Fleming
Tel: +1 (416) 645-2736
Email:alan.fleming@brookfield.com

Cautionary Statement Regarding Forward-looking Statements

This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the anticipated closing date of the reorganization transaction; and the commencement of trading of the newly issued Class A shares on the New York Stock Exchange and the Toronto Stock Exchange, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. Although Brookfield Business Partners believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Factors that could cause actual results of Brookfield Business Partners to differ materially from those contemplated or implied by the statements in this news release include risks and factors described in the documents filed by BBU and BBUC with securities regulators in Canada and the United States including under “Risk Factors” in BBU’s and BBUC’s most recent Annual Reports on Form 20-F and the joint management information circular of BBU and BBUC filed in connection with the reorganization transaction and other risks and factors that are described therein. Except as required by law, Brookfield Business Partners undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE 6.1 KB