India, June 18 -- Brookfield Business Corp. (BBUC, BBUC.TO) announced Thursday its agreement to sell global construction business Multiplex to Japanese construction company Obayashi Corp. (OBYCF,1802.T) for $650 million.
In pre-market activity on the NYSE, Brookfield shares were gaining around 2.13 percent, trading at $32.59, after closing Wednesday's regular trading 2.27 percent lower.
In Tokyo, Obayashi shares closed Thursday's regular trading at 3,266.00 yen, up 2.16 percent.
The deal price includes around $530 million of cash proceeds on closing and an earn-out based on future business performance.
Earlier in the day, Obayashi had announced its agreement to acquire BCI UK Holdings Limited, the holding company that owns Multiplex Glo...