Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsEconomyBrookfield sells Wembley Stadium builder Multiplex for US$650 millionFounded in 1962, Multiplex operates across Australia, the United Kingdom and CanadaAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Multiplex projects have included Wembley Stadium, Collins Arch in Melbourne and homes on Toronto’s waterfront. Photo by William J Connolly/Getty ImagesBrookfield Business Corp. has agreed to sell Multiplex, the construction company that built London’s Wembley Stadium, to Japan’s Obayashi Corp. for US$650 million.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorUnder the terms of the deal, Brookfield will receive US$530 million in cash on closing and an earn-out based on future business performance, according to a statement Thursday. The transaction is expected to complete in the fourth quarter, pending closing conditions and regulatory approvals.Anuj Ranjan, chief executive of Brookfield Business, said the deal meant his firm had hit about US$1 billion in proceeds from asset sales this year.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try again“We are in an excellent position to build on our strong momentum in the second half of the year,” Ranjan said.Founded in 1962, Multiplex operates across Australia, the United Kingdom and Canada, constructing buildings and developments in sectors including health-care, hospitality and residential. Projects have included Wembley Stadium, Collins Arch in Melbourne and homes on Toronto’s waterfront.Brookfield acquired Multiplex in 2007. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.