# Brookfield Business Partners acquires 70% stake in Odebrecht Ambiental water business

Brookfield Business Partners, together with institutional partners, completed the acquisition of a 70% controlling stake in the core water, wastewater and industrial water treatment business of Odebrecht Ambiental for a total investment of US$908 million. The business will be renamed BRK Ambiental.

- Type: Acquisition
- Announced: 2017-04-25
- Where: Brazil, Brazil
- Value: $908.0M
- Status: completed
- Products: water distribution, wastewater collection, industrial water treatment
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Brookfield Business Partners](https://endata.com/companies/2649.md) (acquirer)
- [Sumitomo Corporation](https://endata.com/companies/6281.md) (acquirer)
- [Odebrecht Ambiental](https://endata.com/companies/23803.md) (target)
- [FI-FGTS](https://endata.com/companies/23868.md) (partner)

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/news/brookfield-business-partners-completes-acquisition-203000129.html), 2017-04-25: "Brookfield Business Partners L.P. announced today that, together with institutional partners, it has completed the previously announced acquisition of a 70% controlling stake in the core water, wastewater and industrial water treatment business of Odebrecht Ambiental, for a total investment of US$90"
- [lavca.org](https://www.lavca.org/brookfield-closes-us908m-acquisition-of-odebrecht-ambiental/), 2017-04-26: "Brookfield Business Partners L.P. announced today that, together with institutional partners, it has completed the previously announced acquisition of a 70% controlling stake in the core water, wastewater and industrial water treatment business of Odebrecht Ambiental, for a total investment of US$90"
- [infrastructureinvestor.com](https://www.infrastructureinvestor.com/brookfield-sumitomo-in-908m-brazilian-wastewater-deal/), 2017-04-27: "Brookfield Business Partners, Sumitomo Corporation and other undisclosed investors partnered to purchase a 70 percent stake in Odebrecht Ambiental"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.