Brookfield Business Partners L.P.Limited Partnership Units - BBU STOCK NEWS

Brookfield Business Partners invites investors to its 2021 Second Quarter Conference Call and Webcast on August 6, 2021, at 11:00 a.m. ET. The company will discuss financial results and current initiatives, with results available prior to 8:00 a.m. ET on the same day. Interested participants can join via phone or webcast. Brookfield Business Partners, traded under the symbols BBU.UN on the TSX and BBU on the NYSE, focuses on high-quality business ownership benefiting from entry barriers and low production costs.

BROOKFIELD announced its agreement to acquire Modulaire Group for approximately $5 billion. Modulaire, a leader in modular leasing services in Europe and Asia-Pacific, operates a fleet of around 260,000 modular units across 25 countries. The acquisition aims to enhance Brookfield's operations in the growing modular workspace sector, leveraging Modulaire's strong customer base and geographical diversification. Funding will come from $1.6 billion in equity, with Brookfield Business Partners contributing $500 million. The transaction is expected to close by the end of 2021, pending regulatory approvals.

Brookfield Business Partners L.P. (NYSE: BBU) reported strong financial results for Q1 2021, with net income of $530 million ($3.57 per unit), up from a loss of $126 million in Q1 2020. Company EBITDA increased to $387 million, driven by the Business Services and Industrials segments. Funds from Operations (FFO) reached $217 million ($1.46 per unit), compared to $152 million ($1.01 per unit) in the prior year. The company also completed the privatization of Sagen MI Canada, investing around $185 million to boost its ownership. A quarterly distribution of $0.0625 per unit was declared.

Brookfield Business Partners L.P. (NYSE: BBU) has successfully completed its acquisition of Sagen MI Canada Inc. (TSX: MIC) by purchasing all outstanding common shares not previously owned by Brookfield at a cash price of C$43.50 per share, totaling approximately C$1.6 billion. The common shares will be delisted from the Toronto Stock Exchange on April 6, 2021. Post-acquisition, Brookfield holds 100% of the Class A Common Shares, which will not be listed on the TSX.

Brookfield Business Partners will hold its 2021 First Quarter Conference Call on May 5, 2021, at 11:00 a.m. ET. Management will discuss quarterly results and current business initiatives, with results released prior to 8:00 a.m. ET. Investors can join the call by dialing +1 (866) 688-9431 or accessing the webcast via their website. A replay will be available until May 11, 2021 for those unable to attend.

Brookfield Business Partners reported the filing of its 2020 annual report on Form 20-F with the SEC and Canadian securities authorities. This includes audited financial statements for the year ending December 31, 2020. The company, a leading player in business services and industrials, focuses on high-quality businesses with barriers to entry. It operates under Brookfield Asset Management, managing approximately $600 billion in assets. Reports are accessible via their website, and hard copies are available upon request.

Brookfield Business Partners L.P. (NYSE: BBU) announced financial results for the year ending December 31, 2020, showcasing resilience amid challenges. The company reported a net loss attributable to unitholders of $169 million, with a net loss per unit of $1.13, compared to a profit of $88 million in 2019. Company EBITDA increased to $1.38 billion, driven by Business Services and Infrastructure Services segments, while Company FFO for 2020 was $792 million ($5.28 per unit). The firm also highlighted ongoing acquisitions, strategic initiatives, and announced a quarterly distribution of $0.0625 per unit, payable in March 2021.

TuSimple, a leading self-driving technology company, has established an Executive Advisory Board comprising industry leaders and regulatory experts to enhance its strategy for the autonomous freight market. The board includes notable figures like Jeff Denham and Eric Fuller. Their guidance aims to accelerate the deployment of autonomous trucks, focusing on critical areas such as technology, regulation, and logistics. Cheng Lu, TuSimple's CEO, emphasized the board's vital role in shaping market strategies and public policy efforts to ensure the safe introduction of self-driving trucks.

Brookfield Business Partners is hosting its 2020 Third Quarter Conference Call on November 3, 2020, at 11:00 a.m. (ET) to discuss quarterly results and business initiatives. The results will be released prior to 8:00 a.m. (ET) on the same day and will be available on their website. Interested participants can dial in to the call or join via webcast. The company is focused on owning and operating high-quality businesses, benefiting from low production costs. Brookfield Business Partners is listed on both NYSE and TSX under the symbol BBU.