Brief: Brookfield Business Partners To Acquire Modulaire Group

Brookfield Business Partners LP

27/06/2021 21:10

June 27 (Reuters) - Brookfield Business Partners Lp
 BBU_u.TO :
    * BROOKFIELD BUSINESS PARTNERS TO ACQUIRE MODULAIRE GROUP
    * AGREEMENT TO ACQUIRE MODULAIRE GROUP (“MODULAIRE”) FOR
APPROXIMATELY $5 BILLION
    * BROOKFIELD BUSINESS PARTNERS  -  INVESTMENT WILL BE FUNDED
WITH
ABOUT $1.6 BILLION OF EQUITY
    * BROOKFIELD BUSINESS PARTNERS  - INTENDS TO FUND
APPROXIMATELY
$500 MILLION, WITH THE BALANCE BEING FUNDED BY INSTITUTIONAL
PARTNERS
    * BROOKFIELD BUSINESS PARTNERS  - CLOSING IS EXPECTED BY THE
END
OF 2021

Source text for Eikon:  ID:nGNX1bvVBf 
Further company coverage:  BBU_u.TO 

 ((Reuters.Briefs@thomsonreuters.com;))