Brookfield Business has agreed to sell its global construction unit, Multiplex, to Japanese construction group Obayashi for $650 million. The deal includes roughly $530 million in cash at closing and an earn-out tied to Multiplex's future performance, with completion expected in the fourth quarter of 2026. Multiplex, headquartered in London and operating across Australia and Canada, employs around 2,500 people and recorded approximately $3.80 billion in net sales for the 2025 financial year. Brookfield Business Corporation CEO Anuj Ranjan said the transaction brings total proceeds from asset sales and distributions to nearly $1 billion since the start of the year, amounting to over $4 per share in cash. Obayashi plans to use the acquisition to strengthen its position in Australia, the UK, and Canada.
Obayashi CorporationObayashi acquires Multiplex for $650M, strengthening its position in Australia, UK, and Canada.
Brookfield Business Corp