February 2005 Sample Clauses

February 2005. The Slovakian Minister for the Economy, Xxxxx Xxxxx, and Enel CEO Xxxxx Xxxxxxx today signed the agreement for Enel’s acquisition, for €840 million, of 66% of the share capital of the electricity company Slovenske Elektrarne (SE), the largest electricity generator in Slovakia and the second-largest in Central and Eastern Europe. The ceremony was attended by Italy’s Deputy Prime Minister and Foreign Minister, Xxxxxxxxxx Xxxx, Enel Chairman Xxxxx Xxxxx, and national and local Slovakian authorities. Xxxxx Xxxxx remarked: “The Slovakian Government, with whom we conducted extensive negotiations, chose Enel over other leading European utilities, rewarding our proposal to form a strategic partnership”. The Enel CEO also emphasised that “SE is a huge opportunity in the European generation market. The acquisition, one of the largest foreign transactions in recent years by an Italian company, underscores Enel’s determination in pursuing a discliplined expansion abroad, with the purpose of creating value for its shareholders”. Scaroni concluded by noting that “We will bring to Slovakia the experience and professionalism of Enel, one of the largest energy companies in the world”. By the end of the first half of the year Enel will announce an investment plan to increase SE’s output, enhancing efficiency and environmental compatibility. The investment will also boost the company’s profitability and contribute to the economic and social development of Slovakia. Upon signing, Enel is paying 20% of the final price, to be held in an escrow account. The remainder will be disbursed when the shares of SE will be transferred to Enel, that is expected in the second half of 2005. SE currently operates about 7,000 MW of capacity (83% of the total in Slovakia), equal to the power of the largest generating company that Enel had to dispose of in Italy as part of the liberalisation process. SE’s plant portfolio is well balanced between thermal, hydro and nuclear, which guarantees electricity generation at highly competitive costs. SE’s plants generated about 26 TWh of power in 2004, about 60% of the output of the three generation companies sold by Enel to its competitors as part of the liberalisation of the Italian electricity market. In the first 9 months of 2004, SE posted revenues of €875 million and EBITDA of €305 million; net debt as of 30 September 2004 amounted to €1,145 million. Slovakia entered the European Union in May 2004 and enjoys a favourable macroeconomic environment: ...
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February 2005. Upon acceptance by both parties, the Contractor shall proceed with performance of the work, including purchase of necessary materials. (End of Clause) CHANGED IF6085 52.216-24 01-APR-1984 LIMITATION OF GOVERNMENT LIABILITY
February 2005. 24 May 2005.....................
February 2005. 437,306.78 February 2008.............. 2.95 March 2005.............. 387,959.34 March 2008................. 1.97
February 2005. 13,931,512.03 January 2008......... 3.84
February 2005. How to Subscribe In order to subscribe for Units, you must do the following: Complete (please print) and sign this Subscription Agreement and return to the Company by fax and regular mail. Please both 1) fax and 2) mail this document, along with a check payable to “Garuda Capital Corp.” for the full amount of your subscription to: Garuda Capital Corp. 502 - 0000 Xxxx Xxxxxx Xxxxxxxxx, XX Xxxxxx X0X 0X0 Fax Number: (000) 000-0000
February 2005. 100.00000000% April 2005.......... 31.
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Related to February 2005

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