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Chesapeake Midstream Partners LP Announces Global Infrastructure Partners’ Purchase Of Chesapeake Energy Corporation’s GP And LP Ownership Interests


Friday, 8 Jun 2012 08:03am EDT 

Chesapeake Midstream Partners LP (CHKM) announced that Global Infrastructure Partners has agreed to acquire all of Chesapeake Energy Corporation’s ownership interest in CHKM for $2.0 billion. The acquisition, which is expected to close by June 29, 2012, will result in GIP’s ownership of 100% of CHKM’s general partner interest and 69% of CHKM’s limited partner units. Concurrent with this announcement, GIP signed a letter agreement to acquire certain midstream assets from Chesapeake Midstream Development (CMD), Chesapeake’s wholly owned midstream subsidiary, and CHKM signed a letter agreement to acquire from Chesapeake certain Mid-Continent gathering and processing assets. The management team remains unchanged. 

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17 Apr 2014