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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China, Korea, Singapore funds eye Chesapeake buy

Posted on 17 June 2010

From Marketwatch.com: Asian sovereign wealth funds China Investment Corp., Korea Investment Corp. and Singapore state-owned investment company Temasek Holdings will jointly invest $1.5 billion in U.S. natural-gas producer Chesapeake Energy Corp. The Chosun Ilbo reported Thursday, citing an unnamed South Korean government official.
The report said the consortium will reach a formal agreement with Chesapeake by early next week, and that Korea Investment Corp., or KIC, would be investing $200 million in convertible preference shares……………………………………………Full Article: Source

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