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Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares

Strategic Insights

— 2 min read

Brookfield Business Partners, a global business services and industrials company, has announced the renewal of its normal course issuer bids for its limited partnership units and class A exchangeable subordinate voting shares. The Toronto Stock Exchange has accepted the notices filed by Brookfield Business Partners L.P. and Brookfield Business Corporation, authorizing the purchase of up to 5% of the outstanding units and exchangeable shares, respectively. The bid, which is set to expire on August 18, 2026, aims to acquire units and exchangeable shares at a price range that may not fully reflect their value.

Key Takeaways:

  • Brookfield Business Partners has renewed its normal course issuer bid for up to 4,441,425 limited partnership units and 3,499,836 class A exchangeable subordinate voting shares, representing up to 5% of the outstanding units and exchangeable shares, respectively.
  • The bid is set to expire on August 18, 2026, or earlier if the authorized purchases are completed prior to the date.
  • The company has acquired a total of 3,611,689 units and 2,957,523 exchangeable shares under previous normal course issuer bids, at a weighted average price of US$22.54 and US$25.93, respectively.
  • Brookfield Business Partners has entered into automatic repurchase plans to purchase units and exchangeable shares outside of its trading black-out periods, subject to certain trading parameters.
  • The actual number of units and exchangeable shares purchased under the automatic plans will depend on future market conditions.
  • Investors have flexibility to invest in the company through either Brookfield Business Partners L.P. or Brookfield Business Corporation.
  • The company's flagship listed vehicle, Brookfield Business Partners L.P., is the primary vehicle through which investors can gain exposure to the company's business services and industrials operations.
  • Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, with over $1 trillion of assets under management.

Statistics:

  • As of August 8, 2025, there were 88,828,512 limited partnership units and 69,996,738 class A exchangeable subordinate voting shares issued and outstanding.
  • The company has authorized the purchase of up to 10,076 units and 11,100 exchangeable shares on the TSX per trading day, representing 25% of the average daily trading volume.
  • The weighted average price paid per unit under previous normal course issuer bids was US$22.54.
  • The weighted average price paid per exchangeable share under previous normal course issuer bids was US$25.93.

Sources:

  • Globe Newswire, "Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares" (August 15, 2025)
  • Brookfield Business Partners, "News Release" (August 15, 2025)

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