Chesapeake Energy is a major independent energy company based in the United States. Three sovereign wealth funds have invested in some form into the company.
According to press accounts in May 2010, the China Investment Corporation and the Korea Investment Corporation are expected to contribute $300 million in convertible preferred stock. They would be part of a $900 million investment in Chesapeake. The $900 million investment does include the possibility of Seatown Holdings, a unit of Temasek. The KIC confirmed their $200 million investment in the energy company on June 21, 2010.
China Investment Corporation
The China Investment Corporation owns 200,000 shares of the company as of December 31, 2009. The stake is valued at $5.176 million. The CIC released this data in their first quarterly disclosure on US equity holdings to the United States Securities and Exchange Commission.
Temasek Holdings along with Hopu Investment Management agreed to buy $600 million of convertible preferred stock in Chesapeake. Temasek will invest $500 million and Hopu will buy the remaining $100 million. In the agreement, which was announced on May 10, 2010, the two parties have the right to purchase an additional $500 million within 30 days. According to the FT, the newly created unit of Temasek, Seatown Holdings, might take part in the purchase.
Government Pension Fund of Norway
The Government Pension Fund of Norway held a 0.52% stake in the company as of December 31, 2009. The stake is valued at $86,580,599.
|December 31, 2009||0.52%||0.52%||$86,580,599