Brookfield Sells Wembley Stadium Builder Multiplex to Japan's Obayashi for $650 Million

Brookfield Business Corp. has agreed to sell Multiplex, a major construction company known for building London's Wembley Stadium, to Japan's Obayashi Corp. for $650 million. The transaction represents a significant shift in ownership of the global construction firm, which has established itself as a prominent player in large-scale infrastructure and commercial projects. Obayashi, one of Japan's leading construction companies, is acquiring the business as part of its international expansion strategy. The sale marks another instance of Brookfield's portfolio rationalization efforts, as the company continues to divest non-core assets. Multiplex's track record includes high-profile projects beyond Wembley Stadium, making it an attractive acquisition for the Japanese construction giant seeking to strengthen its presence in developed markets.