Chapter 803 Reversal
Rene finished these words with confidence, because he knew that members of the Merck family have been visiting relatively powerful banks in Europe for loans for some time, but the current situation of Heidelberg Cement Group is...
As well as the uncertainty of the global economic outlook, these banks did not dare to take risks in lending to HeidelbergCement Group. Before the subprime mortgage crisis, HeidelbergCement Group's liabilities were high, but they were far from high enough to prohibit banks.
the point.
Of course, Li Nei also knew a little bit about the inside story. Some people were interested in the shares of Heidelberg Cement Group and German Tongyi International Pharmaceutical Co., Ltd. held by the Merck family, and wanted to take this opportunity to get some equity from them. Several types of
The combination of factors resulted in the Merck family being unable to get a loan. It was precisely because they believed that the Merck family could not get a loan from these European banks that they issued such harsh loan conditions. Not only did they
The Merck family is required to release shares in its companies, and members of the Merck family are required to step down from management positions in these companies. Moreover, due to the joint influence of these banks, coupled with the liabilities of Heidelberg Cement Group,
The ratio is indeed too high, so top financial institutions such as HSBC Holdings Co., Ltd. also rejected the application of the Merck family.
"So what?" Merck said coldly with squinting eyes. Rinei was right, and he also believed that he was not making false threats, but the Second Gulf Bank was not among them!
Li Nei's mind was turning to mush. He didn't understand at all. Adolf Merck just went to China and stayed there for one night. Why did his attitude become so tough when he came back?
Is it possible that he can still get financial support in China? However, there are banks in China that are not short of money, but they are state-owned banks. As far as he knows, the procedures for foreign companies to borrow from these banks are very cumbersome. Moreover,
, do those conservative managers dare to take such risks?
"Father, there is a man who claims to be a representative of the Second Gulf Bank asking to see him." Philip said a few words to Merck's secretary who appeared at the door, then turned around and said loudly.
"Invite him in!" Merck said, then turned to Line and said, "Mr. Line, I have a distinguished guest here, so I won't send you off."
"Gulf Second Bank? You got a loan from them?" Rene was shocked. As the head of Commerzbank in Baden-Württemberg, how could he not know about Gulf Second Bank?
Although the Second Gulf Bank is registered in Dubai, United Arab Emirates, its tentacles have been continuously extending to other regions over the years. Although Europe is not its main development area, in the European banking industry,
Its reputation is not small at all!
Firstly, because it has a very high rating and is the most optimistic bank among rating agencies; secondly, it has cooperative relationships with many top financial institutions, including HSBC Holdings Limited; thirdly, among its customers, there are many Ah
World-renowned multinational companies such as Serokki Group and Nokia Group, as well as governments of many countries! Fourth, and most importantly, it is an unlisted bank. Among its shareholders, there are "
square"!
"Mr. Rene, are you inquiring about the trade secrets of our Merck family?" Merck asked rudely. He has had enough over the past few days, so he was not polite at all in his words.
Li Nei stood up with some embarrassment. After talking to this point, it was naturally impossible for him to stay.
Walking to the door of Merck's office, he came face-to-face with a person, and Rine forced a smile and said: "It turns out to be Mr. Renzi." Romeo Renzi, one of the main leaders of Gulf Second Bank's European business
, and has collaborated with Rine several times.
"Mr. Riney, my arrival did not disturb your meeting with Mr. Merck, did it?" Renzi said with a smile.
"No, we've already finished talking!" Li Nei's cheeks twitched and she laughed dryly.
Rene had walked out of the HeidelbergCement Group headquarters building, and his somewhat confused mind finally came to his senses. He turned to look at the door of the HeidelbergCement Group headquarters, his heart filled with bitterness. Although he did not know Adolf Merck
How did he get involved with the Second Gulf Bank, but he knew that the Second Gulf Bank was indeed capable of large-scale loans to Heidelberg Cement Group. The Second Gulf Bank was one of the few in the world that was not affected by the subprime crisis at all.
One of the major banks, and it should have been making profits in recent years!
Moreover, what worries Rine even more is that they are completely helpless about the sudden intervention of the Second Gulf Bank. Although behind them are Commerzbank, Deutsche Bank, Royal Bank of Scotland, and Baden
-Württemberg State Bank, and more than 40 banks, but he believes that no bank can prevent Gulf Second Bank from lending to HeidelbergCement Group, and they do not have any strong sanctions against Gulf Second Bank.
Not to mention that the Second Gulf Bank has its roots in the Middle East and its business scope focuses on the United States and Asia. Fang Mingyuan’s previous reminder of the Madoff scam has saved many financial institutions huge losses. If this loss had been exposed after the financial crisis officially broke out,
Come out, I don’t know how many people will get out of their positions, and how many banks will face runs! Fortunately, everyone discovered the problem in advance. Although there were losses, the matter was resolved within a controllable level.
HSBC Holdings Co., Ltd. even made "Fang" a member of the company's board of directors because of this. These other major banks and financial institutions also owe Fang Mingyuan a favor. The Second Gulf Bank only loaned money to Heidelberg Cement Group, a bank.
It is a normal behavior to lend money to enterprises, and Heidelberg Cement Group, no matter how big its assets are or what position it has in the cement industry, in the end it is just a cement production company! What reasons can they give?
Convince Gulf Second Bank?
The meeting between Adolf Merck and Romeo Renzi did not last long, lasting more than an hour. The two parties reached a formal loan agreement. The Merck family took the name of German Tongyi International Pharmaceutical Co., Ltd.
The company's shares were used as collateral to obtain a loan of 500 million euros from the Second Gulf Bank for half a year. The interest rate was also the normal interest rate. There were no additional conditions or special discounts. However, when both parties signed the contract and exchanged texts, Merck
The eyes of Le and others were still moist. Their family had been busy for several months and had not been able to do something. After a trip to China, they were able to solve it so easily. This made them feel like they were in a dream.
.
"Okay, Mr. Fang emphasized that we should complete the basic loan procedures as soon as possible and transfer the loan to your account as soon as possible. As for the other detailed terms, you still need to provide them in the next few days.
Cooperate with us to complete it." Renzi put the contract away properly and said with a smile, "Chairman of Merck, I hope we can have a happy cooperation in the days to come!"
"That's natural. My son Philip will accompany you throughout the entire process to complete the follow-up work! Thank you, Mr. Renzi, and thank you, Mr. Fang!" Merck said with a smile, "We will definitely have a happy cooperation!"
"Oh, by the way, Mr. Fang wants me to tell you some news. Kuwait and Saudi Arabia will have some major projects launched in the near future. If Heidelberg Cement Group is interested, they can go to the bidding. He is in these two countries.
We still have some influence, Longxing Construction Group Company also has projects there and can help you with whatever we can," Renzi said with a smile.
"Thank you so much!" Merck said with joy. Kuwait and Saudi Arabia have recent engineering projects to be launched. Of course Heidelberg Cement Group knows this, but with Fang Mingyuan's help, they will be more likely to win the bid.
Increase! At this time, every order is very important to Heidelberg Cement Group.
On that day, the news that the Merck family had obtained a loan of 500 million euros from the Second Gulf Bank spread quickly. The media verified it with both parties, and both parties readily admitted it. In the face of a series of questions from media reporters
Regarding the question, Renzi also made it clear that this loan was contacted by "Fang", a shareholder of Gulf Second Bank. After inspection, they believed that the Merck family was fully capable of repaying this loan, so they quickly agreed to the loan.
An agreement was reached.
In the days that followed, Merck and the others discovered that the bankers who had originally rejected them became enthusiastic about Merck family members. Baden-Würten, who had originally refused to help them, became enthusiastic.
The Fort Worth government has also become active and provided them with a lot of convenience. With the funds available for turnover, the business environment has also been improved. In just one week, Heidelberg Cement Group and the Merck family
The situation suddenly became much better.
However, they also found that many people were asking around and asking whether Fang Mingyuan was interested in taking a stake in Heidelberg Cement Group, or other companies under the Merck family. Obviously, many people thought that the Second Gulf Bank was interested in Merck.
The Le family loan is a precursor to the acquisition of shares in its subsidiaries. This judgment is not wrong. The Merck family is indeed negotiating with Fang Mingyuan to transfer the shares of German Tongyi International Pharmaceutical Co., Ltd. Therefore.
, the Merck family's answer to this is naturally ambiguous, and the Second Gulf Bank will naturally not clarify clearly.
After that, many large European companies and wealthy people directly or indirectly expressed their intention to acquire part of the shares of the Merck family's companies. The prices were quite favorable and the proportion of shares was not high.
This will make the Merck family feel that they are trying to seize control of the company, which makes them even more confused. The Merck family, which was already a cold spot, suddenly became a hot spot in Europe's upper class society.
Of course, these are all things for later...
After seeing off Merck and his son, Old Welf, accompanied by Fang Mingyuan, inspected the Fang family's main enterprises in Fengyuan, including Qinchuan Samsung Automobile Group Company at his request.
"Fang, don't you have any idea about the equity dispute between Porsche and Volkswagen?" Old Welf sat down in the lounge and asked. Compared with when he came to Fengyuan a few years ago, Fang Mingyuan
It can be clearly noticed that the old man is indeed old.
"What can I think? To me, both companies are giants!" Fang Mingyuan shrugged, "I'm lucky that when Porsche acquired the equity of Volkswagen, I suppressed my greed and didn't
Go in and put your legs in."
"Hey, luckily you decided not to participate, so our Welf family did not participate. This reversal drama has made many people miserable!" I remembered that not long ago the share price of Volkswagen Group soared to thousands of euros per day.
Old Welf was also very happy about the scene of the shares. After the Volkswagen Group's share price soared to thousands of euros per share, Porsche itself panicked and had to release 5% of its shares to calm the stock price fluctuations.
, as a result, in the next few days, the share price of Volkswagen Group plummeted by 51%! In those days, it can be said that the European capital market was full of disasters. It is said that hedge funds were involved in the entire process of drastic price changes.
Lost over 20 billion US dollars!
"However, the equity acquisition between Porsche and Volkswagen has reached a very delicate stage. According to the information I have received, Porsche has acquired more than 50% of Volkswagen and less than 5%.
Eleven shares. But he has no money and cannot make the next acquisition!" Old Welf said with a sly smile, "Besides, Porsche has a loan of 9 billion euros that will expire at the end of May. Now
Porsche is actively seeking a loan extension. As you know, the global economy is currently in recession, and the automobile industry cannot avoid it. How dare the bank leave such a large amount of money to Porsche so easily, at a very cheap price?
Interest rates, so the boss of Porsche is now having a headache."
"Ah?" Fang Mingyuan was surprised, this was news he didn't know.
"Qinchuan Samsung Automobile Group has reached a bottleneck period with its current development. Even if you can continue to expand production in the future, I think your goal should be to go beyond the Chinese automobile market, right? But you have to go global.
, you still lack technical foundation and strong enough research and development capabilities. Don't you?" Old Welf smiled and said, "Although I believe that Qinchuan Samsung Automobile Group Company must have a fairly large research and development institution, the establishment and accumulation of technical systems
Chapter completed!