BROOKFIELD, News, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) (“Brookfield Business Partners”) today announced that it has filed recast audited consolidated financial statements as at December 31, 2022 and 2021 and for each of the three years in the period ended December 31, 2022, together with corresponding management’s discussion and analysis (collectively, the “Recast Financial Statements”). The Recast Financial Statements have been prepared in connection with Brookfield Business Partners’ previously disclosed adoption of IFRS 17, Insurance Contracts.

The Recast Financial Statements supersede and replace in all respects the previously filed annual consolidated financial statements and management’s discussion and analysis of Brookfield Business Partners for such periods.

The Recast Financial Statements are available on Brookfield Business Partners’ website at bbu.brookfield.com, on the U.S. Securities and Exchange Commission’s website at www.sec.gov and on the SEDAR+ website at www.sedarplus.ca. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation, or Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership. For more information, please visit https://bbu.brookfield.com.

Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with approximately $850 billion of assets under management.

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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws, including the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Partners, as well as regarding recently completed and proposed acquisitions, dispositions, and other transactions, and the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts,” “views,” “potential,” “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could”.