Reuters: Mergers News: Chesapeake to sell pipeline assets for more than $4 bln

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Chesapeake to sell pipeline assets for more than $4 bln Jun 8th 2012, 12:06 June 8 | Fri Jun 8, 2012 8:06am EDT June 8 (Reuters) - Chesapeake Energy Corp will sell its pipeline and related assets in three separate transactions totaling more than $4 billion to help plug a $9 billion to $10 billion funding shortfall. Chesapeake said it will sell its limited partner units and general partner interests in Chesapeake Midstream Partners LP to Global Infrastructure Partners for $2 billion. The company also entered into an agreement with Chesapeake Midstream Partners for potential sale of certain Mid-Continent gathering and processing assets. It also has a agreement with Global Infrastructure Partners for the sale its interests in wholly owned subsidiary Chesapeake Midstream Development LP. Chesapeake expects to raise more than $2 billion from these two transactions.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions