Chapter 1276 Waiting for him to acquire Citibank

Author: Jie Zuo

Chapter 1276 Waiting for him to acquire Citibank

The special nature of Glencore became clear when we further communicated with the institutions that had subscribed all the shares of Glencore.

Through the listing of 75% of the shares, the funds raised will be used to solve Glencore's current shortcomings and acquire some companies with considerable status in the field of commodities, and have a preliminary

The target, for example, is to break through agriculture first and target grain producers in the context of the ongoing institutional reform of Canadian agriculture. The similar environment in Australia also makes the acquisition conditions sufficient to include in the selection range.

Such an attitude of doing business will naturally win the favor of financial institutions, and M&A-related businesses are still good at it, and you can make a fortune from it.

In fact, Glencore can be said to act this way driven by "instinct".

Before the "whitewashing", the operations of traders had more elements of buying and selling floating in various gaps, which was obviously much harder than making profits by manipulating the market; now that Glencore has "whitewashed", it can

Combining the accumulated gray resources with the acquired bulk commodity manufacturers, we opened a new chapter in our dream business.

Of course, Glencore's ambitions also require the willingness of the capital market to cooperate. And the international financial institutions currently struggling to climb out of the quagmire of the global economic crisis in the early 1990s can be said to be racking their brains to find profit points, especially the dominance of the United States.

After the advent of the era, this wave of globalization can be said to belong to Wall Street's globalization, which further shows that on the surface, everything is easy to discuss and the magnanimity and open-mindedness do no harm to people and animals. In fact, whoever dares to stop me is unscrupulous if there is no profit and no early access.

President Gao gave a very specific analysis of the next trend of mergers and acquisitions in the global capital market. For example, in the 1970s when this wave just started, scales of hundreds of millions of dollars were commonplace, and in the 1990s when neoliberal economics emerged,

In the 1980s, scales of tens to tens of billions of dollars were common; but now after the 1990s, without scales of tens of billions of dollars, traders feel shameless.

"The hot areas for mergers and acquisitions will be concentrated in the communications, media and other industries driven by emerging high technologies, and even financial institutions themselves will also undergo far-reaching restructuring in order to solve the problems of survival and development." The number of people at the gathering increased.

In rare private situations, Gao Xian was more outspoken, such as when he spent about fifteen minutes entertaining Sanford Weir and others.

Specific other personnel include Jamie Dimon, the future CEO of JPMorgan Chase, who is still following Sanford Weill's "old script" at this stage; a financial tycoon who is closely related to Sanford Weill, Ed

Mon Safra, and even the Chinese financial tycoon Cai Zhiyong, who is like Wang Anzhi in the American computer industry, has made a name for himself on Wall Street, proving that although talented people are rare, they are not absent.

During the precious three days during the Hong Kong Global Financial Leaders Investment Summit, CEO Gao wished he could be like Sun Wukong, with a handful of monkey hair transforming into countless clones, so as not to miss any communication opportunities with the forces represented by the participants, so he gave them to acquaintances

The meeting time is limited, and a cordial attitude is enough. If something really comes up, we can wait until the Hong Kong Global Financial Leaders Investment Summit concludes to discuss it again.

Soberly aware that there was no hope of succeeding James Robinson III as CEO, Sanford Weill, who left American Express, had, quite literally, relied on acquisitions and mergers to "survive" in the past few years, and even

He successfully participated in the leveraged buyout battle launched by private equity investment firm KKR against Reynolds-Nabisco, the largest food and tobacco manufacturer in the United States, and currently serves as vice chairman of the board of directors of Edmond Safra's Twisted Bank.

When it comes to the main business, Sanford Weill certainly has it, and he runs it painstakingly. He bought a financial company under the Control Data Company and developed it step by step through mergers and acquisitions. However, Sanford Weill thought that

When I left American Express, I announced the end of my career in the faces of those people.

President Gao put Cai Zhiyong and Sanford Weill together for a meeting, naturally because they had a certain relationship, which was related to Sanford Weill's acquisition and expansion.

Cai Zhiyong once created a record for Chinese in the American workplace. He served as the CEO of the American Can Company, which was a component of the Dow Jones Industrial Index before. Moreover, Cai Zhiyong owns some shares in the American Can Company, just like Buffett took Berkshire Hathaway.

Just like Hathaway Company changed from a textile factory to a financial company, Cai Zhiyong turned the American Can Company into a financial company, but was taken over by Sanford Weill and controlled at a cost of US$1.5 billion.

transfer of rights.

As the saying goes, there is no room for two tigers in one mountain. Naturally, Cai Zhiyong could not continue to serve as the CEO of the American Can Company, and the way to leave was decent. Sanford Weill used a golden parachute to send Cai Zhiyong out.

A satisfactory price in exchange for Cai Zhiyong leaving.

It was precisely because Cai Zhiyong and Sanford Weill had not broken up that they were put together to meet with CEO Gao.

It needs to be pointed out that when Sanford Weill left American Express, it was considered impossible for the outside world to turn over, which is common sense. However, Sanford Weill was able to break the rules, acquire and merge along the way, develop and grow, and get closer step by step.

If you think about it, the source of funds involved in making a comeback cannot be simple. For example, Twisted Coho Bank, where he served as the vice chairman of the board of directors for Edmond Safra, is very deep.

Now, Sanford Weill has set his sights on an inevitable acquisition target, which is the securities company that he sold to American Express when he joined American Express.

Gao Xian did not hide his curiosity and asked casually, will James Robinson III be an adult and sell the company that originally belonged to you back to you?

Sanford Weill seemed to have a lot of confidence in me. He nodded and said, "There are only permanent benefits. I have estimated that it will cost about 1.2 billion U.S. dollars. I would like to ask Sir Gao to help solve part of the funds."

"Okay, we can discuss it in detail after the Hong Kong Global Financial Leaders Investment Summit ends and there is more time." Gao Xian agreed, but it is not difficult to understand what he was thinking, since Sanford Weill is not suitable to be like William Miller.

If someone like him takes him as his subordinate, then he can just run it as a bargaining chip, and wait until one day he can acquire and merge the old Citibank.

Gao Xian stood up to catch up with the next game and said to Cai Zhiyong, isn't Cai Sheng currently re-starting the insurance business himself? That part of the funds should be channeled through your company.

Okay, break a piece of dry food and feed it to two people...
Chapter completed!