CMS Selling Ghana Interest

The Michigan utility company CMS Energy is selling off more assets. CMS announced that it is selling a subsidiary with stakes in businesses in Ghana, the Arab world and India to a United Arab Emirates company for 900 million dollars

CMS hopes the sale will speed up its financial recovery and allow more focus on investments in its Michigan utility, Consumers Energy.

The sale include an agreement to sell the CMS Energy's ownership interests in the Takoradi International Co. in Ghana.