Bloomberg News

Chesapeake to Sell Pipelines for Over $4.0 Billion

June 08, 2012

Chesapeake to Sell Pipelines for Over $4.0 Billion

Chesapeake Energy Corp. agreed to sell general partner interest and units of Chesapeake Midstream Partners LP to Global Infrastructure Partners for 2 billion, the company said in a statement today. Photographer: Daniel Acker/Bloomberg

Chesapeake Energy Corp. (CHK:US) plans to sell its pipeline assets in three transactions for total proceeds of over $4.08 billion.

The company agreed tosell general partner interest and units of Chesapeake Midstream Partners LP (CHKM:US) to Global Infrastructure Partners for 2 billion, the company said in a statement today.

To contact the editor responsible for this story: Jessica Resnick-Ault at jresnickault@bloomberg.net


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Companies Mentioned

  • CHK
    (Chesapeake Energy Corp)
    • $21.1 USD
    • -0.49
    • -2.33%
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