Chapter 1313 A Large Bank Gets It

The latest website: We met again, and the atmosphere of the talks was obviously much more relaxed and pleasant than the last two.

Of course, this meeting was also different from the last time, both sides brought a team over.

The meeting place was also changed from the Vienna International Hotel in Austria to the conference room of the Vienna Stock Exchange.

After greeting each other and sitting down, Ulysses Myron smiled and told George Berkeley the good news: "President Berkeley, after the above discussion, the government agrees to the four conditions you put forward."

"However, there are still some details that need to be further improved."

George Berkeley smiled and nodded: "No problem."

"Then let's start."

Ulysses Myron opened the document and read: "Regarding the first condition, the government is willing to sell the stake in the Austrian Central Savings and Commercial Bank, and the current government direct shareholding ratio is 82.9%."

It is the fourth largest bank in Austria and the third largest state-controlled bank by the Austrian government.

The bank currently only conducts business in Austria and a few surrounding countries, with a total of 185 branches, including 117 in Austria, with a total of 4,284 employees. The bank's total assets reached 14.82 billion US dollars and total deposits were 12.38 billion US dollars. Last year's revenue was 503 million US dollars, net profit of 42 million US dollars.

In terms of deposit rate, revenue and profit margin, Austrian Central Savings and Commercial Bank is definitely a quality bank.

The reason for taking out this bank is not only because it is the smallest, but also because it is the one with the highest shareholding by the Austrian government among the three banks designated by George Berkeley.

In the second largest Austrian Credit Union Bank, the Austrian government holds 69.45% of the shares.

The Austrian government holds only 56% of the third largest Austrian Credit Bank.

According to the conditions, the Austrian government needs to assist the Bright Fund to acquire a bank. The weakest Central Savings Commercial Bank happens to be the one with the most shares held by the government, so it is the easiest to choose.

"I agree, just this bank, but the specific value needs to be further evaluated, and the government needs to cooperate with the acquisition of the remaining equity."

George Berkeley nodded.

"no problem."

Ulysses Myron said with a smile that the acquisition is not difficult, because in addition to the 82.9% of the shares directly held by the government, some of the shares are in the hands of state-owned companies, and the will of the government can easily dominate.

"As for the second condition, the government has made a preliminary draft. In addition to what you mentioned, there are some supplements, but these supplements are useful. President Berkeley, you can see it by looking at it."

As soon as he finished speaking, the assistant next to him took out five or six documents and sent them to George Berkeley and others.

After reading it, George Berkeley and others have no opinion, because it is indeed a more subdivided policy, and he has no reason to refuse.

...

Because of the rich content, the friendly and harmonious talks lasted for nearly three hours, and then an agreement was reached.

The framework for cooperation has been set, and neither side will regret it. The asset evaluation of the Austrian Central Savings and Commercial Bank will also be carried out immediately.

Therefore, George Berkeley also felt relieved. In order to show his sincerity, he immediately asked people to register a branch in Austria, and the Austrian government's industrial and commercial department passed the green light throughout the process, which is definitely an extremely fast registration.

After registration, George Berkeley transferred from the West German branch a branch vice-president named Thomas Morsi, who would serve as the first president of the Austrian branch.

After the company was registered, the recruitment started immediately. With the reputation of Bright Fund, it has a strong attraction to the Austrian financial elite. Not to mention, with the cooperation of Korn Ferry International, the company has taken shape in just one week.

The Austrian Central Savings and Commercial Bank officially completed the acquisition after an emergency assessment.

The 82.9 percent stake held by the Austrian government was transferred for $350 million, followed by a 5.8 percent indirect indirect stake for $24.5 million.

The funds for the acquisition were transferred directly through the HSBC branch in Austria, which is actually the money that Bright Fund borrowed from HSBC.

After the payment of 374.5 million US dollars, 88.7% of the shares of the Austrian Central Savings and Commercial Bank were acquired and directly belonged to the Austrian Bright Fund.

The remaining 11.3% stake still needs the assistance of the Austrian government to acquire.

After the bank got it, the funds of the Austrian Bright Fund were not a problem.

Immediately it will be ten times the leveraged capital allocation. All stocks listed on the Vienna Stock Exchange will be hunted for the bottom. The difficulty of bottom-hunting is almost 0. As long as the sellers sell at the asking price, it shows the degree of disappointment of investors.

But this just happens to be cheaper for the Bright Fund.

In just three days, the bottom-hunting work of stocks was completed.

The Vienna Stock Exchange also quickly completed the reform of the shareholding system and the operating system. Bright Fund invested US$500,000 to acquire 34% of the shares, which is a reasonable price.

With everything in place, George Berkeley got into action.

The newspaper under the Mirror Group published an article signed by George Berkeley, which directly pointed out that Austria is now a depression of value, and listed ten reasons for investing in Austria.

As a financial giant in Europe, George Berkeley has always been known for his precise investment vision. After he published his article, financial companies in various European countries immediately collected news and learned that Bright Fund had established a branch in Austria without hesitation. , and have sent people to Austria to open branches.

Especially the capital of West Germany, the speed is even more amazing.

Austria is adjacent to West Germany, and it is actually the back garden of West Germany. The national subjects of the two countries are Germanic people. Prussia, victorious in the Austrian War, pushed Austria out of Germany.

During World War II, Austria was annexed by Germany and became a province of the Third Reich. At that time, the German army was welcomed by most Austrian citizens on the way into Austria.

After the German-Austrian merger, the Austrians actively joined the army and participated in the war under the slogan of "one nation, one empire, one head of state".

So in fact, in the eyes of Germans, Austria is part of Germany, and some Austrians think so too.

The capital market in Germany is actually not active, far worse than that in France. German financial companies are typically rich and have nowhere to spend.

At this time, the capital market of Austria, which saw the back garden, was about to take off, and the capital of West Germany was pouring in frantically.

Even less than 30 stocks were directly fired, which made the Austrian government excited, and the previous voices against cooperation with the Bright Fund disappeared instantly.

This time, there is no need for George Berkeley to urge. The Austrian government is in a hurry and issued a decree, requiring major domestic companies to actively apply for listing, and at the same time allowing the Vienna Stock Exchange to rapidly expand its personnel.

The Austrian capital market is full of vigor.

As long as this sheep grows up, the Bright Fund can be harvested.

George Berkeley has set a goal to rise 500% in three years!

After having Thomas Morsi assist the parent company's acquisition team in the acquisition of voestalpine and Austrian avl, George Berkeley boarded the return plane with the welcome of the Austrian government.

According to the news of the company in London, the Canadian financial market has been surging, and it is about to burst, and he has to go back to the company to take command!

ps: The first one will be delivered