USA: GIP Acquires Chesapeake Midstream Partners

Chesapeake Energy Corporation today announced that Global Infrastructure Partners (GIP) has closed the previously announced acquisition of all of Chesapeake’s ownership interests in Chesapeake Midstream Partners, L.P. for $2.0 billion, resulting in an anticipated pretax gain to Chesapeake of approximately $1.0 billion.

As previously disclosed, Chesapeake is also negotiating the sale of certain Mid-Continent gathering and processing assets to CHKM and a separate transaction to sell the company’s interests in its wholly owned subsidiary, Chesapeake Midstream Development, L.P. (CMD), to GIP.

[mappress]
LNG World News Staff, July 02, 2012