Brookfield Business Partners ( ($TSE:BBU.UN) ) has issued an announcement.
On January 16, 2025, Brookfield Business Partners completed the sale of its offshore oil services’ shuttle tanker operation for approximately $484 million, a significant transaction for the company. This disposition is expected to impact the company’s financial statements, as reflected in the unaudited pro forma financial statements prepared to illustrate the effects of this sale. The transaction aligns with Brookfield’s strategic focus on optimizing its portfolio and enhancing its financial position, potentially affecting stakeholders by shifting the company’s operational focus and financial structure.
More about Brookfield Business Partners
Brookfield Business Partners L.P. is a global business services and industrials company, focusing on owning and operating high-quality businesses within industries that provide essential products and services. The company has a diversified portfolio, including sectors such as infrastructure, real estate, and energy, with a strategic emphasis on long-term growth and value creation.
YTD Price Performance: 4.09%
Average Trading Volume: 17,789
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.83B
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