07:06 AM EDT, 09/25/2025 (MT Newswires) -- Brookfield Business Partners (BBU-UN.TO, BBUC.TO) said Thursday it is simplifying its corporate structure by converting Brookfield Business Partners (BBU) and Brookfield Business Corporation ( BBUC ) into one publicly traded Canadian company.

BBUC shares currently trade at a 25% premium to BBU limited partnership units and having one publicly traded corporation will benefit all holders, a statement said.

All BBU limited partnership units, BBUC class A shares and redemption-exchange units in BBU held by Brookfield will be exchanged for new class A shares of BBU on a one-for-one basis. The shares will list in both Toronto and New York and have a market capitalization reflecting the combined capitalization of both companies. There will be no change to Brookfield's ownership of Brookfield Business Partners.

The new Brookfield will continue to pay an unchanged annual dividend of US$0.25 per share. The reorganization is expected to be completed in the first quarter of next year.

"We are pleased to announce the next stage in Brookfield Business Partners' evolution as a public company," said Anuj Ranjan, Brookfield Business Partners chief executive. "The conversion into a single corporate entity is designed to broaden our investor base, increase index demand and make it easier to invest in our shares which we expect will drive long-term value for all our shareholders."

Brookfield Business Corp ( BBUC ) shares are down $0.28, to $35.67 in the U.S. pre-market trading.