The acquisition will see GIP own 100% of the Chesapeake Energy Corporation’s general partner interest and 69% of limited partner units.
Chesapeake Energy Corporation is also negotiating the sale of its mid-continent gathering and processing assets to Chesapeake Midstream Partners.
The company also intends to sell its ownership stake in its wholly owned subsidiary, Chesapeake Midstream Development to GIP.
GIP is an infrastructure investment fund founded by Credit Suisse, General Electric Company.
Chesapeake Energy Corporation is a producer of natural gas and is are focused on discovering and developing unconventional natural gas and oil fields onshore in the US.
