Consortium Buys Majority Stake in Frac Tech Services

A group of investors including Maju Investments and RRJ Capital has agreed to buy about 70% of Cisco, Texas-based Frac Tech Services Inc., Reuters reported. Financial terms of the deal were not released. Chesapeake Energy Corp. currently owns about 26 percent of Frac Tech. After the deal, Chesapeak will own about 30%.

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