Chesapeake to sell most of its stake in Clean Energy Fuels
Published: March 6, 2013
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Chesapeake Energy Corp., the U.S. natural gas producer selling as much as $7 billion in assets this year to plug a cash shortfall, plans to divest most of its stake in Clean Energy Fuels Corp., Bloomberg News reported.
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Chesapeake’s interest in the California-based builder of filling stations that dispense gas-derived transport fuels will drop to 1.1 percent after the stock sale from the current level of 7.7 percent, Clean Energy said in a U.S. filing Wednesday.
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