Chapter 1898: Acquisition Encountered Resistance
Feng Yu doesn't care how China's dairy industry develops in the future. In short, it won't be the same as in the previous life. It just makes people think that the moon in foreign countries is rounder.
Feng Yu's headache now is that the acquisition of Lituo Group has been revealed!
Feng Yu, Kirilenko and the Rothschild family have made it clear that the acquisition will be done quietly, so that it will be low-key and save a lot of trouble.
But what I didn't expect was that they didn't reveal it. The Lituo Group was also very disciplined and didn't publicize it, but BHP found someone to break the news.
It is said that BHP Billiton also wants to acquire Lituo Group, at least the iron ore business of Lituo Group, so that they can compete with Vale, the leader in the iron ore industry, and even take the lead and become the leader in the mining industry.
After Kebi and Bituo contacted Lituo Group, they found that Lituo Group's attitude had changed drastically. Before, I still maintained a close relationship with them, neither agreeing nor refusing, just saying that the conditions were not good enough.
But at this time, Lituo Group directly said that such conditions are not negotiable!
What is the reason for the drastic change in Lituo Group's attitude? The executives of BHP Billiton suspected that Lituo's attitude had changed drastically, which must be due to the injection of new funds.
They heard that Lituo Group is negotiating with Huaxia Aluminum, and wants to strengthen cooperation in the aluminum industry and consolidate its position as the world's largest in this area.
Lituo Group is short of cash, while Huaxia Aluminum is waving a check. The two parties have business contacts, so this cooperation is not too difficult.
But this doesn't conflict with BHP Billiton's acquisition of Lituo Group's iron ore business? Why didn't Lituo Group talk about it?
Unless someone wants to buy their iron ore business, or inject capital into this part of the business.
It is common for peers to send undercover agents to each other's companies. Some core departments may have loyalty agreements, confidentiality agreements, and other constraints, but there are many departments that are not subject to these constraints, and they can also have access to such information.
Only then did the BHP Group know that a new company was actually negotiating with the Lituo Group about acquisitions, and this company was the Polar Bear Mining Group.
Polar Bear Mining Group is the industry of Feng Yu and Kirilenko. The CEO of that group also contacted BHP and asked if BHP had any intention of selling it.
BHP has a lot of minerals, which are very close to the mines of the Polar Bear Group. The acquisition can reduce the cost of transportation and many other aspects and increase profits.
However, when BHPB is full of ambitions and intends to acquire Lituo Group and expand its business, how can it agree to the acquisition of Polar Bear Mining Group?
But BHP did not expect that Polar Bear Mining Group would contact Lituo Group after turning around, and it seems that Polar Bear Mining Group has started to buy Lituo Group's shares in the stock market, and it is said that it has acquired more than 10% of the shares!
This attitude is already very obvious. The Polar Bear Mining Group has already entered into the acquisition process for Lituo Group. No wonder Lituo Group dismisses their offer from BHP. This means that there is a better buyer!
When the Polar Bear Mining Group was inquiring with BHP, it wanted to acquire more than 50% of the shares. This time, it seemed that at least 50% of the shares of the Lituo Group were to be acquired. It can be described as menacing .
If it was acquired by another mining group, BHP would not care too much, but Polar Bear Mining Group is the fastest-growing mining group in recent years.
Before, it was only in Russia or the former Soviet Union, with some gold mines, nickel mines, copper mines, oil, coal, etc., the scale is not large, and the output is very low.
When other mining companies were making quick money, this mining group's annual net profit was less than 100 million US dollars, which made the peers laugh out loud. With such a large scale and such a small profit, the operators are really too weak.
At that time, Kirilenko limited the amount of mining according to Feng Yu's request, and then updated the mining equipment, especially in terms of safety, and invested a lot.
When the price of minerals soars,
Their mining volume began to increase, and then they bought a number of gold mines with large sums of money, with an average premium of more than 20%.
This made the peers laugh again. Why do you buy so many gold mines? Do you still have to wrestle with other mining companies to prove who is the boss of the gold mining industry?
But soon, the price of gold soared, and the value of the gold mines acquired by Polar Bear Mining Group increased by more than 50%!
Everyone was dumbfounded at this moment, and those mining companies who thought they were taking advantage of the gold mines sold to the Polar Bear Mining Group regretted it.
Also suddenly discovered, why is the profit margin of Polar Bear Mining Group so much higher than theirs? Not to mention the extremely high mining efficiency, the safety is also much better than theirs. There have never been any major accidents in the mine. For so many years, not a single miner died!
In any country, mining is a dangerous occupation. Even if some open-pit mines are exploited, accidents will also occur. Almost all mining industries have some "death quotas", that is, how many people die in mines every year, which is in line with safety standards!
Sounds cruel, right, but it's the truth. The cost of safety investment is too high. No mine owner is willing to invest so much. They even think that the compensation for two people who die every year is not as high as the safety investment, so they naturally choose to invest less.
If someone is dead, I can just lose money. Besides, we don’t need mine owners to pay for losing money. Are the employees all insured?
The zero death of Polar Bear Mining Group has become a good story in the industry, and has been rated as the most trusted company by employees and the company that employees most want to work for many times.
However, this has not attracted the attention of top mining companies like BHP. They think that the opponents of the Polar Bear Mining Group should be Barrick in the United States, Canada in the United States, Polar Gold in the UK, and Yijin in South Africa and the Congo. Mining companies based on mines, or Huaxia's gold mining companies can also be opponents.
After all, the most important mineral of the Polar Bear Mining Group is gold, and energy and other metals are not ranked high.
But this time BHP miscalculated. They didn’t expect that Polar Bear Mining Group would really like other minerals. They contacted them last time and said they wanted to acquire BHP. After being rejected, they immediately turned around and bought Lituo. Group up.
BHP's goal is the world's number one mining group. In their view, Vale is a competitor, Lituo Group is a competitor, and Huaxia is integrating resources, and it may pour the power of the whole country at any time , come up with a giant mining group.
But now they have to admit that the company that threatens them to become the world's No. 1 mining group has appeared. It is not the opponents they thought before, but the polar bear mining group that they have not paid much attention to.
If this company is allowed to annex the Lituo Group, then BHP's dream of being the number one in the world will be completely shattered.
At this time, BHP Bituo made a choice, which is to expose this matter, attract more competitors, and at the same time attract obstruction from peers. No peer will be willing to watch Polar Bear Mining Group become the industry leader Yes, they can profit from it, or at least mess up the matter!
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