Chapter 1913 Mining Industry No. 1

Kirilenko then rushed to London, signed the acquisition agreement with Skinner, the chairman of Lituo Group, and held a press conference.

At the same time, it announced that the shares of Lituo Group may be delisted temporarily, and whether to re-list will be considered after the company's business integration.

In fact, Kirilenko doesn't want to go public in Australia anymore. The financial market there is too weak, and it is completely incomparable with New York and London, and even inferior to emerging markets such as China and Russia.

Listing a company's shares in two places can reduce the risk of the stock market and expand the company's influence, but it is absolutely unnecessary to list in three places, especially including the underdeveloped market of Australia.

Besides, the current market value of the stock is lower than the real value. At this time, it is just time to delist and repurchase the stock. After the business integration is completed, the company's profits will inevitably increase to a certain extent.

In the future, if the company's funds or their funds encounter difficulties, it will be fine to sell a little more stock. It is not necessary to go public to raise funds, and they do not really intend to cash out a large amount of profits.

After Polar Bear Mining Group signed an acquisition agreement with Lituo Group, it caused a severe shock in the industry. Many people who don't know the truth are clamoring for the undercover transaction, why last year BHP Bito offered 170 billion U.S. dollars, but Lituo Group didn't sell it, and now it's sold for a total price of more than 140 billion U.S. dollars ?

In fact, this matter is easy to understand. At the beginning, BHP Bito offered 150 billion U.S. dollars based on the stock price, and then raised the premium again, but it was a leveraged buyout method, and many of them were discounted with BHP shares. Well, the stock price of BHP has fallen by almost 40% from its high point.

The same is true for Lituo Group. The stock price has dropped a lot compared to the original value. At the beginning, it was obviously higher than the real value, which was a bit inflated.

If the acquisition was accepted at the beginning, then the shareholders of Lituo Group may not even get half of the cash in their hands, and the rest are BHP shares, and the value of this part of the stock has fallen. Measure it, what they can really get The money may be about 130 billion US dollars, which is not as high as it is now.

What's more, they have been in business for more than a year, with a turnover of tens of billions of dollars and profits of tens of billions of dollars. Didn't they all distribute dividends to shareholders?

"Forbes" made a key report on this news, and said that this move has various benefits to the industry, and of course it deliberately avoided the disadvantages to other companies.

For example, Lituo Group used to be one of the three giants in the mining industry, although it only ranked third. But after completing the acquisition this time, the Polar Bear Mining Group has become the leader of the Big Three in the mining industry.

Everyone is still three-legged, but before I was the weakest Soochow, now I am the strongest Northern Wei, and my status has been reversed.

In the past, Lituo Group did not have a particularly important voice in the industry, but after being merged into the Polar Bear Mining Group, the Polar Bear Mining Group's voice will greatly increase.

Although it still can't compete with Vale in iron ore, its status in aluminum, gold, nickel, copper, etc. has risen sharply. And then cooperate with Huaxia Aluminum, so in the aluminum industry, it is the strongest voice.

BHP will still take the pole to cooperate with the Polar Bear Mining Group. In terms of iron ore, it is not inferior to Vale, and even in other minerals, it can become a pivotal giant in the whole world.

But these, "Forbes" did not say, only how well the Polar Bear Mining Group protects employees, how lucky this is for the employees of Lituo Group.

No way, who made the Polar Bear Mining Group the only large-scale mining company that has not experienced worker deaths?

In this way, all the employees of Lituo Group were very excited about this. They did not have any resistance to the company's change of boss, but they even showed a welcoming attitude.

Especially when they heard that Feng Yu's subsidiaries had first-class welfare benefits. The Polar Bear Mining Group, they heard that the major shareholder is also Fengyu Holdings Group, so isn't it Feng Yu?

...

Vale's Board of Directors,

Some of the directors were smoking cigars with their heads down. Originally, they thought that by contacting some small mining companies and pretending to buy Lituo Group, they would be able to mess up the matter.

Of course they know that such an acquisition is absolutely impossible to succeed. The mines of Lituo Group are combined, and the value is one level. If they are separated, they will immediately drop to another level. Only when there are more mines will they have the right to speak.

Moreover, Lituo Group will not be willing to negotiate with so many companies at the same time. As long as one or two companies fail to negotiate, the whole matter will be seriously affected.

More than half of it was sold, what about the remaining half? Become a small mining company to continue operating? It's also very hard work, but they can't make much money a year, and the value will drop. Why do they come here?

However, Vale thought that this would affect the judgment of Lituo Group, and Lituo Group would definitely use their offer to negotiate with Polar Bear Mining Group, and those shareholders would also ask the board of directors to do the same.

They finally quoted a 50% premium, but the Polar Bear Mining Group won it with a 30% premium. In fact, the Polar Bear Mining Group has already acquired some shares of Lituo Group, and the final comprehensive premium is less than 30%!

"What do you think of the Polar Bear Mining Group? Next, shall we contact the Polar Bear Mining Group to seek some cooperation?"

"No, why should we cooperate without us? We are mainly engaged in the iron ore business. We occupy more than one-third of the iron ore deposits in the world. We have the final say on this, but the Polar Bear Mining Group should take the initiative to come to us. It’s right to talk about cooperation.” After hearing what the director said, some directors still retained their pride in being the world’s number one mining group.

"But have you ever thought that if the acquisition is successful, the Polar Bear Mining Group will be the largest mining company in the world, both in terms of turnover and profit, will surpass us and become the number one in the industry. And this time BHP did not Don't you think it's strange to obstruct it?"

"What if the market value is the highest and the turnover is the first in the industry? Iron ore is the metal deposit with the largest demand in the world, surpassing other metals such as copper. There is no need for us to compromise! I think BHP must want to pass The upper-level obstruction means that this acquisition cannot pass the checkpoints of organizations such as the European Union."

"Is there another possibility that the Polar Bear Mining Group and BHP have reached an agreement in private, for example, their mine joint venture?"

The other directors were taken aback. What the chairman said might be too scary. If the Polar Bear Mining Group joins forces with BHP and establishes a joint venture or something, then they will be able to challenge them in iron ore, and their status in Vale will definitely take a turn for the worse!

No wonder BHP did not stop it in the end and stopped bidding. Is it because the two parties want to establish a joint venture company? In this way, the throne of the Polar Bear Mining Group, the number one mining company in the industry, can no longer be shaken!

Could it be that they, Vale, can only watch the other party grow bigger and stronger, and there is nothing they can do? No, you can acquire iron ore companies, and we can also acquire other mines. The number one position in the industry may not necessarily be yours!

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