Subject: Fwd: Proposed privatization structure 20150401T1119+03
From: "David C. Wittig" <[email-masked]>
To: "Hunter Biden" <[email-masked]>
Cc: "Michael Karloutsos" <[email-masked]>, "Davis C. Wittig" <[email-masked]>, "Vassilis Sotiropoulos" <[email-masked]>
Date: Wed, 01 Apr 2015 11:53:47 +0300

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 <[email-masked]>
> To: "'David C. Wittig'" <[email-masked]>, "Davis C. Wittig" <[email-masked]>
> Subject: Proposed privatization structure 20150401T1119+03
> Date: April 1, 2015 at 11:19:34 AM GMT+3
> 
>