Chapter 1871 Agreed

At its peak in 2007, the bank had a market capitalization of over £60 billion. But at this time, if it hadn't been suspended, it would definitely have fallen below 10 billion pounds, and more than 80% of the market value had evaporated.

However, compared to the unlucky Lehman Brothers Bank whose market value fell by 99% and then went bankrupt, this bank is still good fortune-telling. At least the British government took action to keep it from going bankrupt.

However, it is very difficult to sell. Those such as Barclays Bank are willing to give 10 billion pounds, but they need the government to bear the debt. No debt, who the hell would sell it? This is obviously taking advantage of the fire!

But now they have met a new buyer, a powerful buyer, which gave hope to the shareholders of this bank that they might be able to get out of the trap.

They regretted it very much. When the stock price of the bank was high, none of them were willing to sell it. They all thought that the stock price could be higher and they could earn more. But now, it has already lost money. If no one takes over, I'm afraid they will all lose money.

Fortunately in the misfortune, now that someone is planning to take over, they have other thoughts at this time, that is, can they sell for more money so that they will lose less?

People are like this. At that time, they thought that as long as they could sell it, they didn't care about the price at all. No matter how much they sell or how little they sell, they can always get a share of the money. If they can't sell it, I'm afraid the bank will go bankrupt in the end, and they won't get a dime.

But when someone really wants to buy it, who doesn't want to sell more? All of them used to be rich and powerful, but now the gap is so big, who can feel better?

"Porter, what are you kidding, 8 billion pounds, how is this price possible? We calculate based on the stock market value, it should be at least 14 billion pounds or more, I think the quotation of 15 billion pounds is more reasonable ’” said a shareholder.

Isn't it normal for a company to sell at a premium? Only at a premium can you make money. But he ignored it. Only companies that make money can pay a premium, and companies that are losing money, why should they pay a premium?

"That's right, even if 15 billion pounds can't be sold, at least it should be calculated according to the market value. I can accept 14 billion pounds." Another big-bellied shareholder said.

Representatives of several major shareholders were chattering, accusing Porter of being unfavorable in the negotiations. Eight billion pounds, the price is too low, how much can they divide according to the shares?

They each have their own companies, and they also need funds at this time. If they can get more funds, their companies will be able to get out of trouble as soon as possible.

Potter looked at the ugly faces of the shareholders, feeling very bitter in his mouth. When is this, are you still thinking about something good? That's right, the person to be acquired is the world's richest man, but the world's richest man must be a smarter businessman than you.

Feng Yu made it very clear that he bought this bank just to make money. If there is no money to make, why should others buy it? All of you still can't see the situation clearly by this time, but you have found a buyer.

If our bank has no more capital injection, then we can only ask the government. Will you still be willing to take care of it when you are in power? At that time, your shares will not be diluted or depreciated? Maybe it will never recover after a setback, and it will only go bankrupt in the end.

Now I can get away with the money, isn't it good?

Potter waited until these shareholders stopped talking, and then he said slowly: "Since you all think that I am unqualified, then fine, let me be dismissed. Whoever has the ability among you will take this seat. One hundred and forty Billion pounds, who of you can find such a buyer?"

These shareholders were silent. According to the contract, compensation was also required to dismiss Porter, and the amount was not low.

Besides, who dares to sit in this seat now, it is clearly a pit, and whoever sits will fall into it. And it's not that they haven't found a buyer, but there are not many buyers who can come up with so much cash at this time, not to mention that the buyer still needs to prepare nearly tens of billions of pounds in cash to save the bank.

What's the situation with the bank now?

These shareholders are also very clear. If there were no such liabilities, let alone 15 billion pounds, they would not sell 20 billion pounds. But these liabilities, and the bank's shortage of cash, left them with nothing to do.

In fact, the largest shareholder of this bank at this time is the British government at all, and if it is not for the help of the British government, their bank may have gone bankrupt, and the current market value cannot be guaranteed at all.

They have all seen the misery of the banks in the United States. For example, large banks with assets of hundreds of billions of dollars have all gone bankrupt. It's not that the U.S. government doesn't want to take care of it, but it can't.

If they continue with this attitude, then Lehman Brothers Bank is a lesson for them.

"Mr. Feng said, eight billion pounds, all the debts and assets of the bank, he will take over, including the bank's employees. If these are on our heads, can we still carry it for half a year? If anyone among you can find Even if it comes to six billion pounds, I am sure that the bank will tide over the difficulties, at least not go bankrupt."

"At this time, my suggestion to everyone is to sell it quickly while there is still value to sell. If you take the money, you can invest in other industries to earn back. If you continue like this, I'm afraid you won't get a penny in the end. So, I also missed this good opportunity to escape. Think about how to decide, Mr. Feng only gave us three days!"

The representative of the bank's government was also reporting to the top. When the finance minister learned that Feng Yu was going to buy the bank, he was overjoyed.

Eight billion pounds, although it seems a little less, can allow the government to get back some money and reduce losses. Otherwise, how much money would they have to invest in order to keep this bank from going bankrupt, especially when they are also seriously short of funds at this time.

In this way, they will be able to solve the troubles of this bank, and they will also have spare energy to help other companies tide over the difficulties, killing two birds with one stone.

Feng Yu was browsing the news in the room at this time. The economic situation in the UK is better than that in the US, but it is limited, especially in London, which is also the hardest hit area.

Feng Yu believes that those shareholders will eventually compromise. Although he was ruthless in lowering the price, who made it impossible for others to come up with so much money at this time?

This bank had nothing to do with Feng Yu originally, and Feng Yu had no obligation to consider for them. Maximizing your own interests is the right choice.

A day later, Feng Yu received a call from Porter, and they agreed, only waiting for their approval.

Hanging up the phone, Feng Yu smiled, this approval will definitely not be blocked. If the acquisition is really not allowed, the British will lose.

The buyer at this time is God in their eyes!

If the bank is taken down, Feng Yu will immediately send someone over to take it over, carefully sort out the bank's business, and at the same time adjust the personnel. Join the Minsheng Bank!

His bank territory has more than doubled!

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