Edition:
United Kingdom

Brookfield Business Partners In Partnership With CDPQ To Acquire Power Solutions Business From Johnson Controls


Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Brookfield Business Partners LP ::BROOKFIELD BUSINESS PARTNERS IN PARTNERSHIP WITH CDPQ TO ACQUIRE POWER SOLUTIONS BUSINESS FROM JOHNSON CONTROLS.BROOKFIELD BUSINESS PARTNERS LP - PARTNERS EXPECTS TO FUND APPROXIMATELY 30% OF EQUITY ON CLOSING FROM EXISTING LIQUIDITY.BROOKFIELD BUSINESS - TRANSACTION WILL BE FUNDED WITH ABOUT $3 BILLION OF EQUITY AND APPROXIMATELY $10.2 BILLION OF LONG-TERM DEBT FINANCING.BROOKFIELD BUSINESS PARTNERS LP - BROOKFIELD BUSINESS PARTNERS EXPECTS TO FUND APPROXIMATELY 30% OF EQUITY ON CLOSING FROM EXISTING LIQUIDITY.BROOKFIELD BUSINESS PARTNERS - CDPQ WILL COMMIT TO FUND ABOUT 30% OF EQUITY ON CLOSING, AND BALANCE WILL BE FUNDED BY OTHER INSTITUTIONAL PARTNERS.