Chesapeake Midstream Partners, L.P. Announces Closing of Global Infrastructure Partners’ Purchase of Chesapeake Energy Corp...
02 July 2012 - 10:05PM
Business Wire
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced
that Global Infrastructure Partners (GIP) has closed the previously
announced acquisition of all of Chesapeake Energy Corporation’s
(NYSE:CHK) (Chesapeake) ownership interests in the Partnership. GIP
paid $2.0 billion to acquire Chesapeake’s general partner and
limited partner interests. Today’s closing results in GIP’s
ownership of 100% of the Partnership’s general partner interest and
69% of the Partnership’s limited partner units.
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) is the
industry’s largest gathering and processing master limited
partnership as measured by throughput volume and owns, operates,
develops and acquires natural gas gathering systems and other
midstream energy assets. Headquartered in Oklahoma City,
CHKM's operations are focused on the Barnett Shale, Haynesville
Shale, Marcellus Shale and Mid-Continent regions of the U.S.
CHKM’s common units are listed on the New York Stock Exchange
under the symbol CHKM. Further information is available
at www.chkm.com where
CHKM routinely posts announcements, updates, events, investor
information and presentations and all recent press
releases.
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