| McClendon targets $1bn funds for new group |
|
Aubrey McClendon, the controversial former chief executive of
Chesapeake Energy, aims to raise $1bn in capital from private equity
firms and sovereign wealth funds for his new company, according to
people familiar with the situation. Mr McClendon set up American Energy Partners after being forced out of Chesapeake following a shareholders’ revolt. AEP intends to buy onshore US oil and gas assets and aims to “build a best in class” exploration and production company. Mr McClendon has approached several buyout, firms and sovereign wealth funds about investing in AEP, said people familiar with his plans. http://link.ft.com/r/19JYUU/ |
Michele Kearney's Nuclear Wire - Major Energy and Environmental News and Commentary affecting the Nuclear Industry. Nuclear Activities
Wednesday, June 5, 2013
McClendon targets $1bn funds for new group
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