MIG HOLDINGS S.A.
Announcement.
Upon request of the Capital Market Commission, the Company hereby announces that it has taken knowledge of the following announcements, to which it refers:
Α. Announcement of Mr. K. Chadjidakis:
"The investment and legal advisors of the government have informed us that their negotiations with the advisors of MIG in respect of the sale of assets pertaining to Olympic flying operations and technical base were successfully concluded. As regards ground handling operations, as the negotiations between MIG and Swissport in respect of the conclusion of a commercial agreement between them continue, a one-week extension was requested and granted for the exclusive negotiations with the Greek state. In the meantime, should negotiations with Swissport fail to succeed, MIG has made a commitment to acquire the assets pertaining to ground handling operations as well, at the price determined by the independent assessors (44.8 mil euros). Thus, the profit of the Greek state amounts to 177.2 mil euros in total. The outcome of the agreement between the advisors will be brought to the judgment of the Interministerial committee for denationalizations, which shall await the European Commission's approval of the procedure. The overall report of the investment and legal advisors of the Government (Lazard, National Bank, Commercial Bank, Bernitsas and Howrey Law Firm), which was approved by the Supervising Commissioner assigned by the European Commission in agreement with the Greek Government, is given to publicity (and will be translated as soon as possible). This report, which addresses all aspects of this case, will be submitted to the Interministerial committee for denationalizations for approval. In relation with the evaluation, the views of the government as stated to date regarding the protection of consumers apply".
Β. Report of the investment and legal advisors of the Government (Lazard, National Bank, Commercial Bank, Bernitsas and Howrey Law Firm).
Α. Announcement of Mr. K. Chadjidakis:
"The investment and legal advisors of the government have informed us that their negotiations with the advisors of MIG in respect of the sale of assets pertaining to Olympic flying operations and technical base were successfully concluded. As regards ground handling operations, as the negotiations between MIG and Swissport in respect of the conclusion of a commercial agreement between them continue, a one-week extension was requested and granted for the exclusive negotiations with the Greek state. In the meantime, should negotiations with Swissport fail to succeed, MIG has made a commitment to acquire the assets pertaining to ground handling operations as well, at the price determined by the independent assessors (44.8 mil euros). Thus, the profit of the Greek state amounts to 177.2 mil euros in total. The outcome of the agreement between the advisors will be brought to the judgment of the Interministerial committee for denationalizations, which shall await the European Commission's approval of the procedure. The overall report of the investment and legal advisors of the Government (Lazard, National Bank, Commercial Bank, Bernitsas and Howrey Law Firm), which was approved by the Supervising Commissioner assigned by the European Commission in agreement with the Greek Government, is given to publicity (and will be translated as soon as possible). This report, which addresses all aspects of this case, will be submitted to the Interministerial committee for denationalizations for approval. In relation with the evaluation, the views of the government as stated to date regarding the protection of consumers apply".
Β. Report of the investment and legal advisors of the Government (Lazard, National Bank, Commercial Bank, Bernitsas and Howrey Law Firm).