The Healthcare of Ontario Pension Plan is the new owner of a 20 percent stake in Chaparral Energy Inc., the Oklahoma City-based oil and natural gas producer confirmed Tuesday.
The pension plan in January bought the stake from Chesapeake Energy Corp. for $215 million. The local companies previously disclosed the sale, but not the new owner.
The full information was included in a lawsuit filed earlier this month by a New York investment firm that claims it should have received a finder’s fee for the sale.
Chaparral Chief Financial Officer Joe Evans said the Canadian pension fund is a good fit for Chaparral.
“We are very pleased to have them as a shareholder,” Evans told The Oklahoman on Tuesday. “They are very supportive of the company and are long-term investors, whether we are public or private. They are impressed with the asset base we have and have said they are a long-term player.”
Chaparral has said for several years that it plans to become publicly traded. Most recently, the company has said it is eying an initial public offering, possibly this fall.
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