Deals
Temasek Invests in Chesapeake, Spends $1.2 Billion on Resources
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Temasek Holdings Pte’s $500 million investment in Chesapeake Energy Corp. caps more than $1.2 billion the Singapore state-owned company has spent on energy and resources from the U.S. to India in the past six months.
Temasek bought $500 million of convertible preferred shares of Oklahoma City-based Chesapeake, while Hopu Investment Management Co., a private-equity fund backed by the investment firm, purchased an additional $100 million on similar terms, Temasek said an e-mailed statement yesterday.