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Brookfield Business Partners LP (BBU) is the youngest member of Brookfield family spearheaded by Brookfield Asset Management (BAM).
Source: BBU presentation
BBU was spun out of BAM in 2016 with the idea that the publicly traded entity will be a great vehicle for those seeking growth in industrial businesses.
Brookfield Business Partners will be the primary vehicle through which Brookfield will own and operate the business services and industrial operations of its private equity business group on a global basis.
“Brookfield Business Partners will complete the fourth pillar of our strategy