Chapter 136 Piëch's Counterattack
Seryozha has been staying abroad for more than a month, and now he has to return to the Soviet Union ahead of schedule. And Tonya and Karim will be responsible for the next thing, which is to jointly take the controlling stake of the entire Volkswagen Group.
The biggest obstacle standing in front of Gorky's financial team is that damn thing. The part-time job of this bill is to block all opportunities for foreign investors to take advantage of the opportunity. It is hard to imagine that such obviously unfair anti-competition clauses will appear in Western countries where capital is absolutely free. But now there is more or less good news, that is, the irreconcilable conflict between the direct descendants of Ferdinand Porsche and Piech. Therefore, Wolfgang Porsche, a representative of the Porsche family with the same interests, soon formed an alliance with the Blackstone Group on behalf of the family, and jointly launched a battle for the controlling stake of the Piech family.
Peterson soon signed a strict cooperation agreement with Wolfgang, and Blackstone Group will fully support Wolfgang's equity competition in terms of funds. After the agreement was signed, Peterson flew back to China to deal with related legal affairs, while Karim was responsible for the follow-up contact with Wolfgang as a senior partner of Columbia Bank.
Wolfgang was very unhappy that Columbia Bank had only sent a little girl, but he soon saw how powerful this little girl was. Under Karim's needlework, the British Rothschild Bank, Barclays Bank, and Royal Bank of Scotland also quickly joined in. The four banks will provide Wolfgang with enough money to buy the entire Porsche car. funds. So on the stock exchange in Frankfurt, a battle for control of Porsche began.
Wolfgang first needs to acquire the stocks held by other investors in the stock market in order to gain more bargaining chips. With sufficient cash reserves, the acquisition went smoothly. Porsche's share price quickly became a blue-chip stock that everyone was chasing on the Frankfurt trading market. As the stock price rose steadily, the cunning Piëch immediately reacted. He began persuading Volkswagen's board of directors to provide funds to protect Porsche's control.
Why was Piëch able to persuade the board of directors of Volkswagen, because Piëch was an important member of the board of directors of Volkswagen. After Piëch was kicked out by his uncle decades ago, he joined Audi, and with his His outstanding talent in the automotive industry brought the brand out of the predicament step by step. After Volkswagen acquired the Audi brand and turned it into its own high-end brand, Pierre also entered Volkswagen as the president of Audi.
Piëch has good connections at VW and a good reputation in Germany's auto industry. So when he suggested that Volkswagen support the Porsche Group to prevent it from being acquired by foreign capital, the xenophobic German auto industry did its part to stand on the opposite side of Karim.
Although the competition on the Frankfurt stock market is fierce, members of the Porsche family hold preferred shares with high voting rights. Although there are many stocks in the market, they do not have an advantage in voting rights. Still, Wolfgang received enough ordinary shares to bring back the voting rights lost by the Porsche family.
After the initial brief madness, everyone now knows what the Porsche and the Piechs are up to. Therefore, there are fewer and fewer Porsche stocks that can be absorbed in the market, and Wolfgang's acquisition has to come to an end.
After being caught off guard again, Piëch quickly figured out who was standing behind Wolfgang in support of the Porsche family's bid for control. So a shocking news was revealed to the German financial media by Piëch's eyes and ears in the Porsche Group.
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As soon as this news came out, Wolfgang became the public enemy and traitor of the German industry. It didn’t take long for the German Allianz Group to stand up and announce that they would support Piëch, and then the giant Deutsche Bank also joined Piech camp.
But these are not the worst. The federal government also announced that it will intervene in this equity competition. Piëch initiated a new proposal on the Porsche board of directors, proposing to introduce new strategic investors by issuing additional shares. The German Ministry of Finance, Deutsche Bank and Allianz Insurance all stood up and responded one after another. Then even the Porsche union joined in. The leaders of the union claimed that they did not believe that the British could manage Porsche well. If the Porsche family chose to cooperate with foreigners, the union would take a series of measures to resist this acquisition.
Almost overnight, the situation took a turn for the worse, and Karim and the British consortium almost became the public enemy of the German auto industry. The conflict between the people of Britain and Germany also raised this shareholding competition to the height of the nation.
"It seems that sometimes money is not everything!" Karim said with a wry smile to her British partners.
"These damned Nazis, the Nazis of the Germans were not sent to the grave with Hitler at all, these damned bastards, how are we going to forgive them after the war?" resented the representative of the Royal Bank of Scotland, who attended Naturally, there was no good impression of the Germans during World War II.
"Karim, we have to think of a way. If this matter continues to be delayed, it will be very detrimental to our acquisition!" The representative of the Rothschild Bank said worriedly. Now even the German government has intervened. This is tantamount to directly proclaiming the death penalty for this acquisition.
"Everyone, don't be impatient. I don't think the matter has reached the point of no return. We should still have a chance!" Karim persuaded his partner.
"Karim, although we have a good relationship with several banks, I don't see any room for turning back when it comes to business. Unless we can get the German government to give up its meticulous protection of its own companies. Therefore, our Barclays Bank Decided to withdraw from this acquisition!"
"Gentlemen, you are too impatient! How can you be so sure that we have no chance! Well, if you resolutely withdraw from this operation, we can buy all the rights and interests in your hands at your cost price!" Card Lim replied bluntly.
"Do you have another way?" The representative of the Bank of Scotland asked curiously.
"Of course, the fun has just begun! This time, our Columbia Bank is targeting the public, and Porsche is just an appetizer before our meal!" Kalim said confidently.
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