Brookfield Business authorized a share repurchase program for 5% of its outstanding Class A shares starting August 19.
Brookfield Business Partners (BBUC) received approval from the TSX to repurchase up to 10.27 million Class A subordinate voting shares, representing 5% of its outstanding shares as of August 7. The buyback program begins August 19 and may continue until August 18, 2027, unless completed earlier.
The company’s prior buyback programs and share count context were not disclosed in the announcement. The move follows standard corporate actions to return capital to shareholders or manage equity structure.
No immediate market reaction was specified in the release.