China firm to buy Chesapeake assets for $1.02 billion

Posted: February 26, 2013 at 2:52 a.m.

China Petrochemical, the nation’s second-largest energy company, will pay $1.02 billion cash to buy 50 percent of Chesapeake Energy’s Mississippi Lime assets, seeking to benefit from surging U.S. crude output.

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Business, Pages 23 on 02/26/2013