I said from the start that the government should step up & buy the PAG Debt which was at $141 Million. Would equate to 43% or more ownership & board seats which ever way they go.
Why would a government buy it? Cause the government has an onus to provide transport & the little players would be too much of a risk.
The big reason labor are buying. PAG was pushing hard to go to Liquation & they cant risk it.