UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2018
Commission File Number: 001-37775
Brookfield Business Partners L.P.
(Translation of registrant's name into English)
73 Front Street, 5th Floor
Hamilton, HM 12 Bermuda
(441) 294-3309
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
EXHIBIT INDEX
Exhibit Number | Description | |
99.1 | Brookfield Business Partners to Acquire Controlling Stake in Leading Brazilian Fleet Management Company Ouro Verde |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Brookfield Business Partners L.P. by its general partner, Brookfield Business Partners Limited | ||
Date: September 4, 2018 | /s/ Jane Sheere | |
Jane Sheere | ||
Corporate Secretary | ||
EXHIBIT 99.1
Brookfield Business Partners to Acquire Controlling Stake in Leading Brazilian Fleet Management Company Ouro Verde
BROOKFIELD, NEWS, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) ("Brookfield Business Partners"), together with institutional partners (collectively "Brookfield"), announced today an agreement to acquire a 55% controlling interest in Ouro Verde Locação e Seviços S.A. (“Ouro Verde”), a leading Brazilian heavy equipment and light vehicle fleet management company for approximately $170 million (R$660 million).
Ouro Verde leases more than 25,000 heavy equipment and light vehicles under multi-year contracts and provides related maintenance, operations, and other services to a diversified base of leading Brazilian and global corporate clients.
“Having operated for more than 40 years, Ouro Verde has an experienced management team, nationwide presence, long-term client relationships, and a reputation for excellence in service,” said Alexandre Thiollier, Senior Vice President of Brookfield Business Partners in Brazil. “Given the resilience of the business and favorable growth trends within the fleet management industry in Brazil more broadly, we’re confident Ouro Verde is well positioned to capitalize on attractive growth opportunities. We look forward to partnering with management and contributing our expertise and presence in Brazil to further strengthen and grow the company.”
Investment highlights:
Funding
Brookfield Business Partners will commit to fund up to $70 million of the equity on closing using existing liquidity. Prior to or following closing, a portion of Brookfield Business Partners' investment may be syndicated to other institutional partners.
Closing
Closing of the transaction is subject to customary approvals and is expected to occur before the end of the year.
Brookfield Business Partners is a business services and industrial company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.
Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management Inc. (NYSE:BAM)(TSX:BAM.A)(EURONEXT:BAMA), a leading global alternative asset manager with more than $285 billion of assets under management. For more information go to www.brookfield.com.
For more information, please visit our website at https://bbu.brookfield.com or contact:
Media: Claire Holland Tel: (416) 369-8236 Email: claire.holland@brookfield.com | Investors: Gwyn Hemme Tel: (416) 359-8632 Email: gwyn.hemme@brookfield.com |