|Bid||33.83 x 2900|
|Ask||44.73 x 1100|
|Day's Range||43.91 - 45.24|
|52 Week Range||25.68 - 49.11|
|Beta (5Y Monthly)||1.64|
|PE Ratio (TTM)||25.68|
|Forward Dividend & Yield||0.25 (0.56%)|
|Ex-Dividend Date||May 27, 2021|
|1y Target Est||55.43|
In this article you are going to find out whether hedge funds think Brookfield Business Partners L.P. (NYSE:BBU) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus […]
On Friday, Bloomberg reported that "people familiar with the matter" claim that Brookfield Business Partners (NYSE: BBU) -- a separately listed unit of Brookfield Asset Management (NYSE: BAM) -- is considering a sale of its Greenergy biofuel provider headquartered in the U.K. The article's sources say Brookfield Business Partners is working with Citigroup and HSBC Holdings to ascertain interest from potential buyers. No potential price for Greenergy was mentioned.
(Bloomberg) -- Brookfield Business Partners LP is weighing a sale of U.K.-based biofuel provider Greenergy, according to people familiar with the matter.The U.S.-listed investment firm is working with Citigroup Inc. and HSBC Holdings Plc to gauge interest in Greenergy from potential suitors, the people said, asking not to be identified discussing confidential information.Deliberations are at an early stage, and there’s no certainty they’ll progress to a formal sale process, the people said. Representatives for Brookfield and Greenergy declined to comment, while spokespeople for Citigroup and HSBC didn’t immediately respond to requests for comment.Greenergy was founded in 1992 as a supplier and distributor of low-emission transportation fuel. It buys waste oil and converts it into renewable biofuel, which it then supplies to the U.K., Ireland, Canada, Brazil and the Middle East, according to its website.The company generated 137.6 million pounds ($195 million) of adjusted earnings before interest, taxes, depreciation and amortization in 2019, according to its latest annual report.Demand for transportation fuels fell last year as the spread of Covid-19 saw countries around the world place tough restrictions on domestic and international travel. Signs of a recovery in fuel sales have begun to emerge, particularly in countries with high levels of coronavirus vaccinations, such as the U.K.Brookfield Business Partners is a listed arm of $600 billion-plus investment firm Brookfield Asset Management Inc. that backs companies in the business services and industrial sectors. It acquired a controlling stake in Greenergy in 2017 for an undisclosed amount and has since helped it grow in part through acquisitions.In April, Greenergy completed a purchase of Amber Petroleum, a fuel retailer and distributor based in Ireland. Last year, Greenergy merged with BG Fuels, a Canadian gas station operator also backed by Brookfield Business Partners.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.