Brookfield Business Partners Announces Closing Date of Corporate Simplification

Executive Summary

• Brookfield Business Partners L.P. and Brookfield Business Corporation have obtained all required approvals to complete their previously announced corporate simplification, converting into a single publicly‑traded Canadian corporation named Brookfield Business Corporation.
• The court‑approved plan of arrangement is expected to become effective before market open on March 27 2026, with an exchange of existing BBU limited partnership units and BBUC Class A shares for new Class A shares on a one‑for‑one basis.
• Trading of the newly issued Class A shares under the ticker “BBUC” is slated to commence on both the NYSE and TSX on March 31 2026.

Key Details

• Approvals Received: All regulatory and court approvals required for the corporate simplification have been secured.
• Effective Date: The plan of arrangement is expected to become effective prior to market open on March 27, 2026.
• Exchange Ratio: One‑for‑one exchange – each BBU limited partnership unit, BBUC Class A exchangeable share, and redemption‑exchange unit will be converted into one newly issued Class A share of Brookfield Business Corporation.
• New Corporate Identity: Post‑reorganization entity will be named Brookfield Business Corporation.
• Trading Symbols & Exchanges: New Class A shares to trade on the New York Stock Exchange (NYSE) and the Toronto Stock Exchange (TSX) under the symbol “BBUC” beginning March 31, 2026.
• Strategic Rationale: Management cites benefits such as greater index inclusion, improved trading liquidity, broader global investor base, and enhanced ability to create long‑term shareholder value.

Notable Quotes

“Today represents an important milestone in the continued growth and evolution of our business as we near the completion of simplifying our corporate structure,” – Anuj Ranjan, CEO, 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.” – Anuj Ranjan.