Brookfield Business (BBUC) Shares Plunge 4.01% Amid Renewable Energy Acquisition

Brookfield Business (BBUC) shares plunged 4.01% today, marking the fourth consecutive day of decline, with a total drop of 19.76% over the past four days. The share price fell to its lowest level since September 2024, with an intraday decline of 6.15%.

Brookfield Business Partners LP (BBU) has announced that it will acquire a 50% stake in a portfolio of renewable energy assets from a subsidiary of Brookfield Renewable Partners LP (BEP). The acquisition is expected to be completed in the second quarter of 2025, subject to regulatory approvals and other customary closing conditions. The portfolio includes wind, solar, and hydroelectric power plants with a total capacity of 1,500 megawatts, located in the United States, Canada, and Europe. The acquisition is part of Brookfield Business Partners' strategy to expand its renewable energy portfolio and reduce its carbon footprint.

Brookfield Business Partners LP (BBU) has announced that it will sell its stake in a portfolio of data centers to a consortium of investors led by a private equity firm. The sale is expected to be completed in the third quarter of 2025, subject to regulatory approvals and other customary closing conditions. The portfolio includes data centers located in the United States, Canada, and Europe, with a total capacity of 500 megawatts. The sale is part of Brookfield Business Partners' strategy to focus on its core businesses and reduce its exposure to the data center market.

Brookfield Business Partners LP (BBU) has announced that it will acquire a 50% stake in a portfolio of infrastructure assets from a subsidiary of Brookfield Infrastructure Partners LP (BIP). The acquisition is expected to be completed in the fourth quarter of 2025, subject to regulatory approvals and other customary closing conditions. The portfolio includes transportation, energy, and water infrastructure assets located in the United States, Canada, and Europe. The acquisition is part of Brookfield Business Partners' strategy to expand its infrastructure portfolio and diversify its revenue streams.