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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek Holdings to invest US$500mln in US energy firm

Posted on 12 May 2010

From Channelnewsasia.com: Temasek Holdings and Beijing-based Hopu Investment Management Company are to fork-out more than half a billion US dollars to acquire a stake in leading United States producer of natural gas, Chesapeake Energy Corporation.
The two investment firms have agreed to buy a combined US$600 million in convertible preferred stock of New York-listed Chesapeake Energy, and they have an additional 30-day option to acquire a further US$500m of the stock……………………………………….Full Article: Source


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