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Hunter,
We are meeting with the Greek government tomorrow. We have outlined a structure calling for the government to own 25% of the business and current and retired employees 24% … with your group (including us) owning 51%. The feedback we are getting suggests the government wants to maintain some kind of ownership of the passenger business; the structure of the freight business and the treatment of the cash is unchanged. Just to be clear, we are calling for a deal to be financed 100% by the Chinese, so your participation in the passenger business is at no cost. The Chinese continue to try and convince the government to call off the tender for self-serving reasons.
I will call you after the meeting.
David
> Begin forwarded message:
>
> From: Vassilis Sotiropoulos <v.sotiropoulos@euroconsultants.com.gr>
> To: "'David C. Wittig'" <davidwittig@me.com>, "Davis C. Wittig" <daviswittig@wwcorp.com>
> Subject: Proposed privatization structure 20150401T1119+03
> Date: April 1, 2015 at 11:19:34 AM GMT+3
>
>