Brookfield Business Corporation (NYSE: BBUC) has agreed to sell its global construction business, Multiplex, to Japan’s Obayashi Corporation for $650 million.
The deal includes approximately $530 million in cash proceeds upon closing and an earn-out contingent on future performance.
Multiplex operates extensively in Australia, the UK, and Canada, known for executing complex and iconic developments across various sectors.
The transaction is anticipated to close in the fourth quarter of 2026, pending customary closing conditions and regulatory approvals.
Brookfield acquired Multiplex in 2007 and restructured it into a standalone construction business in 2016 after spinning off its real estate and facilities management divisions.
 is selling its construction business, Multiplex, to Obayashi Corporation for $650 million. The transaction, expected to close in Q4 2026, includes $530 million in cash proceeds.){kind=link}