CMS ENERGY AND GOVERNMENT OF VENEZUELA SIGN PURCHASE AND SALE AGREEMENT FOR SALE OF VENEZUELAN ELECTRIC UTILITY AND RELATED ASSETSPurchase and Sale Agreement • April 5th, 2007 • CMS Energy Corp • Electric & other services combined
JACKSON, Mich., April 4, 2007 – CMS Energy and Petroloeos de Venezuela, S.A. which is owned by the Bolivarian Republic of Venezuela signed today a purchase and sale agreement for the sale of the company’s interest in Sistema Electrico de Nueva Esparta, C.A. (SENECA), including its 88 percent equity ownership, certain associated generating equipment, and other assets for $105.5 million.
SALE PURCHASE OF SHARES AND EQUIPMENT AND INDEBTEDNESS REPAYMENT AGREEMENTSale Purchase of Shares and Equipment and Indebtedness Repayment Agreement • April 5th, 2007 • CMS Energy Corp • Electric & other services combined
The present Sale Purchase of Shares and Equipment and Indebtedness Repayment Agreement (the “Agreement”), is executed on March 30, 2007, between CMS Energy Corporation, a corporation duly incorporated in accordance with the laws of the State of Michigan, United States of America (the “Seller”), represented in this act by Joseph P. Tomasik, who is a citizen of the United States of America, of legal age, domiciled in the city of Jackson, State of Michigan, and holder of the Passport of the United States of America number 027671098, and Petróleos de Venezuela, S.A. a corporation incorporated in accordance with the laws of the Bolivarian Republic of Venezuela, domiciled in the city of Caracas in the Metropolitan District, originally constituted by Decree N° 1.123 dated August 30th, 1975, published on Extraordinary Official Gazette of the Republic of Venezuela N° 1.170 on the date before mentioned and registered before the First Commercial Registry on September 15th, 1975 of the Judicial Ci
