Chapter 1105 French Nationalization Kicks Off
The issuance of the "Nationalization Decree" this time has attracted worldwide attention. Not only major French media and TV stations have also made a comprehensive and detailed interpretation of this policy, but even the media in other European countries are also trying their best to analyze this Decree. What impact will it have on France and Europe...
The "Nationalization Decree" clarifies the list of companies that have been nationalized. There are a total of 39 banks, including three existing large state-owned banks and 36 private banks.
Among the state-owned banks, the three banks, National Bank of Paris, Crédit Lyon and Societe Generale, all have 10% or less of the equity in the hands of private investors or executives. holding.
Thirty-six private banks, with assets of nearly 350 billion francs, include BNP Paribas, Crédit Agricole Suez Bank, Industrial and Commercial Credit Bank, Commercial Credit Bank of France, and Edmund Rothschild Bank and other major national banks. , there are also regional banks of Marseille Credit Corporation, Western Regional Bank and Ontario Regional Bank.
In addition to the list of the thirty-nine banks in the banking sector, the decree also made special treatment and explanations for three large banks with registered deposits of more than one billion francs before January 2, 1981.
The Central Bank of Mutual Aid Cooperation, the Union Bank of Mutual Aid and Credit Union and the French Cooperative Bank, the government considered that they are affiliated banks of the Mutual Aid and Credit Institutions, have their own business methods and social responsibilities, and belong to the objects of encouragement in the future, so they were excluded at the last minute. out of the ranks of nationalization.
Of course, what the general public does not know is that the three banks were spared, and it was also the result of the compromise between Francois Mitterrand and the three families.
But despite this, after this nationalization, the total deposits and loans of nationalized banks (including banks indirectly controlled by the state) accounted for 87.6% and 87.6% of the total deposits and loans of registered banks, respectively. At 77.6, French private banks accounted for only 4.4% and 8.4%, and foreign banks accounted for 8.4% and 14%.
The French government has an absolute dominant position in the banking industry!
In addition to the large-scale nationalization of the banking industry, the government has also fully nationalized five giant industrial groups including the Rhone-Planck Chemical Group and the Thomson Group, strengthening the government's dominant position in the field of heavy industry and facilitating played a leading role in the economic reforms that followed.
As soon as the "Nationalization Decree" came out, the whole country celebrated in France, and almost all citizens looked forward to the government's ability to reverse the economic downturn and make everyone's life better again.
Just a day after the promulgation of the "State Law Decree", that is, on February 13, the French Banking Regulatory Commission issued an official document, which stated that the state-owned bank Edmond de Rocher Bank would be renamed. BNP Paribas Finance.
The ownership and use rights of the name "Edmond de Rothil Bank" were transferred to the French Orleans Company free of charge, and a full-class banking license was issued to the French Orleans Company.
When he saw this document, Xia Yu felt completely at ease. The cooperation agreement between him and the Rothschild family had already taken effect, and it was finally impossible for the shares of Royal Bank of Scotland and Standard Chartered Bank to be taken back by the Rothschild family.
Because the French Orleans Company is a wholly-owned company of the Rothier family in France.
On February 16, the French Orleans company completed the change, and Edmond Rothschild Bank was listed in Paris again, but this time the Rothschild family was very low-key.
Although there was no media publicity and no opening ceremony, as long as it is a big family in Paris, everyone knows that the Rothier family has re-opened the Edmond Rothier Bank, and many families are dissatisfied because the Rothschild Although the strength of the family has been greatly damaged, it has not been cleaned up, and there will be huge troubles in the future.
Moreover, the Bank of Edmond Rothschild is a golden signboard. Although the bank assets that the Rothschild family has cultivated in the past 20 years have been confiscated by the French government, as long as this signboard with an invisible value of at least tens of billions of francs is still available Now, the Rothier family will regain its strength more than five times faster than re-registering a new bank!
But these are also what Xia Yu is happy to see.
He knew very well that the Roshir family, the Rockefeller family and the Morgan family were the enemies of the first array of major French families and consortiums. Leaving the Roshir family in France would attract a large part of the firepower.
The environment for his rise will be more relaxed.
This time, he cheated the Rothier family in France, and he has already made a lot of money.
The Rothschild family will definitely be annoyed, but if the major French families and consortiums not only suppress the Rothschild family, but also suppress him when Xia Yu, the two sides might not be able to unite against the local forces in France.
For rulers, in this world, interests are eternal!
What's more, the fact that France cheated on the Rothier family didn't mean that Xia Yu couldn't take revenge on them in other places.
For the sake of the internal harmony of the Roshir family, how could the strengths of their branches be as close as possible?
Thinking of this, Xia Yu suddenly felt that he must be a good person who thinks about others, hehe~
...
Perfectly completed the set goal, Xia Yu felt comfortable, and even had a lot more smiles on his face. The employees of the company were influenced by him, and their enthusiasm for work was even higher.
This afternoon, Xia Yu was in the office watching the phased acquisition report submitted by Leo Martin for the Busac Group.
After assigning him the task on January 21, Leo Martin let the company team spend ten days to make comprehensive preparations for the operation.
Then official operations began on February 1.
First, the newspapers under the Mirror Group began to analyze the crisis of the Bussack Group, and at the same time, they also secretly pushed the Bussack Group employee union to carry out a larger-scale strike action.
This series of behaviors caused the capital market to downgrade the Bussac Group once again. The Bright Fund has already shorted it in advance, so the stock market of the Bussac Group has fallen all the way in the past two weeks.
As of Friday, February 12, when the market was closed, the market value of the Bussac Group had fallen from more than 620 million francs before the action to more than 380 million francs, and the market value had evaporated by more than 240 million francs.
And the bad news of the Bussack Group continues to be generated.
Therefore, on the two weekends of February 13 and February 14, Bright Fund and various short-selling institutions proposed to end the betting ahead of schedule.
In the face of the relatively loose prices given by the Bright Fund, and these institutions did not want funds to be trapped in the Bussac Group, they all agreed to stop losses and admit their losses.
Statistics show that the Bright Fund made a profit of 46.59 million francs in this short-selling operation.
The second step of the plan will start next Monday, that is, tomorrow. While continuing to suppress the share price of the Bussac Group, it will begin to use the shell company to secretly acquire shares from the market and outside the market simultaneously.
In order to carry out this second-step plan, Bright Fund left 5% of its shares unsold when it bet with major institutions, and the shareholding information has been disclosed once. Circumstances can be voluntarily disclosed.
When he was about to get off work that evening, Leo Martin brought another good news to Xia Yu.
Château Romanée-Conti was successfully acquired, and both families surrendered in the face of the Franc offensive.
But the entire acquisition cost a total of 355 million francs.
Before the acquisition, the Bright Fund assessed the value of Chateau Romanée-Conti at 160 million francs.
So for this acquisition, the premium is as high as 222%!
In 1869, Jacques-Marie Divaux Blochet bought Chateau Romanée-Conti at a premium of 260,000 francs, and now the chateau is sold for 355 million francs, In one hundred and thirteen years, the value has appreciated by one thousand three hundred and sixty-five times!
Although the purchasing power of the franc has been declining for more than 100 years, in fact, the total GDP of France has increased by 268 times, which is much lower than 1365 times!
Although GDP cannot be linked to the purchasing power of currency, the top wine estates are indeed extremely high-quality assets!
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