The First Thousand and Eighty-Eight Chapters Are Overwhelming
Chapter 1088
Headquarters of the National Bank of Paris.
The current president, Le Mill, warmly received Leo Martin.
Bright Fund and National Bank of Paris have a deep business cooperation relationship. For example, the two sides have a lot of cooperation in financial allocation business.
Not to mention, early this morning, he received a report from his subordinates that the Bright Fund had suddenly transferred a sum of up to 1.5 billion francs in their bank account.
Although I don't know what the Bright Fund is trying to do, but this big client deposits money in his own bank, which is still such a large sum, can he not be enthusiastic?
"President Leo Martin, you are welcome, please take a seat!"
"Is it the same coffee as last time?"
"OK, thanks!"
...
After a few chats, Le Mill's secretary served them both steaming coffee.
Leo Martin said straight to the point: "President Le Mill, this time, I hope to reach two cooperations with BNP Paribas."
"To show my sincerity, I have deposited 1.5 billion francs in our company's account at BNP Paribas yesterday. I don't know if you have received any news."
Le Mill raised his brows, then nodded with a smile and said, "I received the news this morning, thank you very much for your trust in our bank."
"I would also be happy to serve your company."
"May I ask what kind of cooperation?"
For banks, the most important thing is funds. As long as they have funds, they can use them to make money.
Therefore, Le Mill has made up his mind to eat all the money in his stomach and strengthen the strength of the National Bank of Paris.
Leo Martin took out the letter of intent for cooperation from his briefcase and handed it to Le Mille.
"President Le Mill, this is a letter of intent for cooperation made by our company. It contains our company's business needs. Please take a look first."
"OK!"
After Le Mir finished speaking, he immediately took the frivolous letter of intent for cooperation, opened it and quickly browsed it.
When he first looked at the front part, his brows wrinkled subconsciously, but he continued to look down calmly. When he saw the back, his brows stretched out, and he quickly calculated in his heart.
Leo Martin was not in a hurry, he maintained enough patience to drink coffee and wait.
After a long time, Le Mill finally put down the letter of intent for cooperation in his hand.
Leo Martin then asked with a smile: "President Le Mill, are you willing to continue with these businesses?"
Le Mill smiled and nodded: "Of course, I have no reason to refuse."
"However, for specific negotiations, your company needs to connect with our dedicated responsible personnel."
Bright Fund wants to acquire the shares of Moët Hennessy and Louis Vuitton from the National Bank of Paris. In order to maximize the benefits, the negotiating team must be negotiated. To be honest, as the president of the bank, he is responsible for the overall work. , it is good to know that the bank owns these shares, and he can't remember so many details.
Leo Martin nodded and stated a few things: "President Le Mill, I hope to reach the first cooperation as soon as possible, and then start the second cooperation business."
"And it must be kept secret. You should see that the commission we give is very high. I believe that no company in France will refuse this business, but we have only contacted your bank. If the information leaks, it will Get us into great trouble, and you'll be less profitable then, won't you?"
Le Miel heard the potential meaning of Leo Martin's words, and he was not annoyed, he nodded solemnly and assured: "President Leo Martin, please rest assured that our bank will never go beyond the business bottom line, and will do our best to Guarantee the interests of our partners.”
"Today I will convene the relevant personnel for a short meeting, and I will call you in the afternoon, okay?"
"Of course no problem, I'll wait for your good news!" Leo Martin said with a slight smile.
...
Leo Martin came fast and walked fast.
After he left, Le Mill read the letter of intent for cooperation again, and then asked the secretary to convey some instructions.
There are two cooperations offered by Bright Fund. One is to acquire the shares of Moët Hennessy Group and Louis Vuitton Group held by National Bank of Paris, and the second is to entrust it to help acquire other banks and institutions in cash. equity held.
The two cooperations are tied together, and the second business can be opened only after the first one is completed.
Therefore, the National Bank of Paris can make some money at most in the first cooperation, and the second acquisition is faster, and the lower the acquisition cost, the higher their profits.
This acquisition condition of the Bright Fund also ensures that the National Bank of Paris will do everything possible to complete the acquisition of the relevant equity quickly and in a low-key manner.
After all, Louis Vuitton Group is not listed, but Moët Hennessy Winery Group is a listed company. Once the news is exposed and the time drags on for a long time, the stock price will definitely skyrocket.
Before going directly to the Moët family, the Hennessy family, and the Vuitton family, Xia Yu must make adequate preparations and strive for a successful strike.
...
That afternoon, Le Mill replied to Leo Martin, and the two sides began negotiations the next morning.
After all, the Bright Fund and the National Bank of Paris were not new partners, and Le Miel was not short-sighted, so he set a tone for his subordinates.
In order to succeed as soon as possible, Xia Yu did not save money, so the acquisition team of Bright Fund offered a very good price.
It was negotiated twice, and the first cooperation was reached quickly.
The 12.4 percent stake in Moët Hennessy held by Banque Nationale de Paris was sold for 928 million francs, a premium of 28 percent.
The 21.4 percent stake in the Louis Vuitton Group was transferred at a price of 523 million francs, a 30 percent premium.
The two acquisitions add up to a total of 1.451 billion francs, which were directly transferred from the bank account of the Bright Fund by the National Bank of Paris.
However, in order to be safe and avoid supervision, the shares of the two companies are still held by the National Bank of Paris.
The reason for this is to take into account the current French financial market transaction regulations.
According to regulations, new shareholders of a listed company increase their shareholding by more than 5%, 10%, 15%, 20%, 25%, and 33%. At 33%, 50%, 66.66%, 90% and 95%, the shareholding company and the financial market supervisory authority shall be notified.
However, if an old shareholder trades equity in cash, the relevant transaction does not need to be disclosed, and the shareholding situation does not need to be disclosed to the exchange within half a month.
As long as this rule is followed, Xia Yu can acquire enough shares outside the stock market to the greatest extent possible.
Of course, the premise is to have enough cash.
In order to mobilize the enthusiasm of the National Bank of Paris, but also to let them buy with peace of mind.
In the first cooperative transaction, the funds of 1.451 billion francs were transferred less than three hours ago, and another 3 billion francs were transferred into the bank account of the Bright Fund.
As long as the National Bank of Paris acquires an equity, it can transfer the money to the bank's own account in advance for transaction payment, without touching the money of the National Bank of Paris, only need to post it, and after each acquisition is completed , the bank can directly obtain the corresponding commission.
It can be said that in order to make the National Bank of Paris contribute as much as possible, Xia Yu also put a lot of thought into it.
As the second largest bank in France and the fourth largest in the world, BNP Paribas has a huge influence.
When they fully mobilized their resources, the acquisition offensive was almost impossible.
In just one week, the shares of the two groups held by other banks were acquired.
Among them, the Moët Hennessy Wine Group has a total of 24.4% of the equity in four installments, costing a total of 1.932 billion francs, including a commission of 92 million francs from the National Bank of Paris.
Then the three shareholders of the Louis Vuitton group have a combined 2.4% stake, costing 540.7 million francs, and the National Bank of Paris earns 25.7 million francs in commissions.
Although it is equivalent to paying a commission of more than 26 million US dollars, in Xia Yu's view, the efficiency and results are indeed worth it.
The first stage of the task is perfectly completed!
The Bright Fund has more than one billion francs left in the account of the National Bank of Paris, and most of this money has to be spent!
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