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Jun 18, 20261
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Brookfield Sells Wembley Stadium Builder Multiplex to Japan's Obayashi for $650 Million

Brookfield Business Corp. has agreed to sell Multiplex, the construction company behind London's iconic Wembley Stadium, to Japan's Obayashi Corp. for $650 million, representing a significant acquisition by the Japanese firm.
Quick Facts
Who
Brookfield Business Corp.
What
Sale and acquisition of Multiplex
When
2026-06-18
Where
London, United Kingdom
- Sale and acquisition of Multiplex
- Transfer of ownership to Japanese company
- Brookfield Business Corp.
- Multiplex
- Obayashi Corp.
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.
Topics
Why This Matters
This acquisition signals Obayashi's aggressive push into developed-market construction and infrastructure sectors, while allowing Brookfield to streamline its portfolio by divesting non-core assets. For investors in both companies, the deal demonstrates continued consolidation in the global construction industry and offers insight into Japanese firms' strategic appetite for established Western assets with proven track records. The transaction also highlights Multiplex's continued value as a builder of iconic, large-scale projects.
Timeline & Sources
Jun 18, 2026
WireBrookfield Business Corp. announces sale of Multiplex to Obayashi Corp. for $650 million