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Sovereign Wealth Funds Briefing - Categorized | Investment

Sovereign Wealth Funds from Asia invest in Chesapeake Energy

Posted on 22 June 2010

From Bloomberg: Sovereign wealth funds from China, Singapore and South Korea and two private-equity firms agreed to invest $900 million in Chesapeake Energy Corp., the third- largest natural-gas producer in the U.S.
The investors bought the Oklahoma City-based gas company’s 5.75 percent convertible preferred stock on June 18, Chesapeake said yesterday in a statement, without giving details of the individual stakes. South Korea’s $30 billion sovereign wealth fund said yesterday it will spend $200 million……………………………………….Full Article: Source

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