Chapter 714 Frontline

   "What did they say?"

   After initial contact with the bank consortium, Wolfgang Porsche was quietly waiting for Weidekin's report in his huge office.

  Porsche announced that Wolfgang Porsche is not currently in Stuttgart, because the head of the company is unwilling to face those debt collectors, so Wei Dekind, the second person in the Porsche Group, had to come forward in person.

   "They did not agree to an extension!"

Wedekin shook his head slightly, and sat in front of Wolfgang Porsche with a tired body, "So far, no bank has explicitly requested to terminate the loan, but you also know that the situation is very complicated, as long as there is one Propose it, and other banks will immediately follow suit.”

  Before, the Porsche Group jointly borrowed 12 billion euros of funds through dozens of banks, and most of these funds were used to acquire the shares of the Volkswagen Group. Unexpectedly, due to the global economic crisis, the sales of Porsche sports cars have dropped sharply, and the profits in the fourth quarter have fallen sharply, and there is no recovery momentum in the short term. As a result, various banks have different ideas and united to report to the Porsche Group. Attack.

   "Then what is their real plan?"

Wolfgang Porsche widened his eyes and said angrily, "Could it be that they want to force me to follow the old path of Adolf Merkler through dunning the debt? These snobbish guys, when the situation was good, all of them They got their heads broken and sent them to the door, and now they are more ruthless than others when they fall into trouble."

   "That's the nature of banks, there's nothing we can do about it!"

After listening to Wolfgang Porsche's complaints, Weidekin was silent for a long time, and finally said leisurely, "I heard what they mean, they probably want to exchange another loan contract for this loan contract. Simply put , They are providing us with an extension in disguise, but the interest rate may have to be raised.”

   "Still taking advantage of the fire!"

  Knowing that the other party didn’t push him to his death, Wolfgang Porsche’s mood undoubtedly improved a lot, but he still couldn’t get over his lingering anger, “These vampires are really…”

  He couldn't find the right words to describe the bank's behavior for a while, and he was speechless for a while, but he couldn't say the following words.

   "That's the way it is now, we still have enough time!"

  Weidejin gave the other party a step down in a timely manner, "At least so far, we have not been under the pressure of persecution, but in the long run, if our operating conditions cannot be improved, we will still be held hostage and oppressed by them."

"By the way, the terms of their loans are the same as the previous ones. We will continue with the acquisition plan of the Volkswagen Group, that is, this part of the loan can only be used to acquire the shares of the Volkswagen Group, otherwise they will Terminate the disbursement of this portion of the loan.”

Halfway through the talk, Wei Dejin suddenly remembered something, and hurriedly added, "This requirement is absolutely unchangeable. I think their wishful thinking is that even if we can't complete the entire acquisition in the end, this part of the loan will be funded with the equity of the Volkswagen Group." Repay them in the form of repayment. At that time, because of the failure of the acquisition, they will be able to obtain much more shares than they are now, because the stock price of Volkswagen Group will definitely plummet at that time."

   So far, the Porsche Group has managed to obtain 50.7% of the shares by exercising part of the options. But it stops here, and the Porsche Group has no ability to go further.

   "Exercise? Damn it!"

  As soon as he thought of options, Wolfgang Porsche couldn't help thinking of Zhong Shi, the boy from the East, "If he hadn't swept so much cash, we wouldn't be in such a difficult situation now."

"he?"

Wei Dejin had a complicated look on his face, with both gratitude and jealousy, "This guy is a genius. Even if we are in trouble now, we can't blame others. By the way, boss, has he been in contact recently? If this guy wants to If we make a move, our problem will be solved."

   "The kid is having a good time in Saudi Arabia now!"

Wolfgang Porsche said bitterly, and added after a while, "But he has promised that he will come to Germany after the trip to Saudi Arabia. I hope to be able to persuade this guy, but according to His shrewdness, I am afraid we will pay a high price."

   "It's not expensive, it's not cheap. As long as he can make a move, the problems we encounter now will not be problems!"

Wei Dejin sighed, and said rather helplessly, "So far, all we can do is to keep looking for the donor. So far, only a donor like Zhongshi can make money in a short period of time. Such a large sum of money was spent.”

   "By the way, there are about 12 billion euros in reserve funds within the Volkswagen Group, can we?"

  The two of them sat for a while, racking their brains to figure out how to solve the current situation. Half a day later, Wolfgang Porsche suddenly had a flash of inspiration, remembering the financial situation of the Volkswagen Group, and blurted out.

"this…"

Weidekin looked at the excited Wolfgang Porsche and shook his head helplessly, "Ferdinand Piech would not agree to do this. In addition to convincing their union, we also need to convince our union. You know, Prior to this, the Volkswagen Group has dispatched many people to join our trade union."

  In order to deal with the acquisition of the Porsche Group, from the moment the Porsche Group announced the public acquisition, the Volkswagen Group was actively planning to cause various obstacles to the Porsche Group, including sending its own people to the opposing trade union.

  According to German law, the internal trade unions of companies with mutual holdings must have representatives of the other party, and the Volkswagen Group is acting in accordance with this rule. Different from the trade unions of the Porsche Group, these union representatives from the Volkswagen Group are quite united and conservative, and basically do not agree with the opinions of the top leaders of the Porsche Group.

   "It is basically impossible for us to pass over there. The problem on our side is not very big, but there is still a little trouble!"

  After thinking about it for a while, Wei Dejin finally gave up, "Because you, the boss, once claimed that you will restructure and reform the Volkswagen Group, so we can't get the support of their labor union, there is no doubt about it."

   "This is such a pity. If you can get an absolute controlling stake, then no matter what Ferdinand Piech or the Lower Saxony state government, get out of here!"

Wolfgang Porsche was about to get angry again, but at the next moment a terrible thought suddenly jumped into his mind, and the swear words that reached his mouth were swallowed forcefully, "Then they reserved so much funds, is it for?"

   "What is your concern?"

  Weidekin looked at Wolfgang Porsche, whose expression changed suddenly, and after a little thought, he understood the other party's concerns, "You mean, the Volkswagen Group is planning to take over us? This is absolutely impossible!"

   Like other listed companies in Germany, as long as it holds 50.1% of the shares in the market, the Volkswagen Group has an absolute controlling stake in the Porsche Group. The only exception in the German market is the Volkswagen Group, which is exactly the target that the Porsche Group wants to attack.

"why?"

  Hearing his most powerful subordinate so categorically denying it, Wolfgang Porsche's complexion improved a lot, but he still asked worriedly, "At this moment, why is it impossible for them to initiate the acquisition of us?"

   "Because most of the equity is in the hands of your family!"

Wei Dejin was very speechless. His own chairman didn't even understand such a simple truth. He was obviously too flustered. "Only if we don't manage well, can we give outsiders the opportunity to buy. But so far, We have only been impacted by the world economy, and this acquisition has made us passive. If we exclude this acquisition, we will be able to operate well, and there is no need to agree to other people’s acquisition requirements.”

"Just in case, I think it is necessary to accept the conditions of the bank consortium, if you are not at ease. Even if we pay high interest rates, as long as the final acquisition can be successful, we can openly use the funds of the Volkswagen Group .”

  Following Wolfgang Porsche's train of thought, Weidekin suddenly thought of another way, "Yes, that's it. As long as we can successfully complete the acquisition, the problems we encountered will really be solved."

   "Ring ring ring..."

   At this moment, the phone on Wolfgang Porsche's desk rang suddenly, interrupting their conversation. Wolfgang Porsche glanced at the phone displeasedly, and after thinking for a while, he picked up the phone.

   "What, are you already here?"

  Wolfgang Porsche, who answered the phone, only listened to a few words, and his face showed ecstasy, "How could it be so fast? What, you guys encountered a little trouble in Saudi Arabia?"

   "No problem, we will send someone to meet you right away!"

After just exchanging a few pleasantries, Wolfgang Porsche hung up the phone decisively, picked up his windbreaker and walked out. Wei Dejin was confused, so he also got up and followed him, asking as he walked, "Boss, what's going on?"

   "Zhongshi and the others are here!"

Wolfgang Porsche made a gesture towards the secretary outside the door, without pausing at all, "Besides him, there is another distinguished guest. By the way, they are from the Huaxia Sovereign Fund, but it seems that they are in Saudi Arabia. There was a little accident, so I came to Germany early."

   "Boss, we shouldn't be welcoming you now!"

  Weidekin hurriedly grabbed Wolfgang Porsche and said seriously, "We don't need them now, have you forgotten?"

   "Don't need them?" Wolfgang Porsche didn't understand what was going on, and was stunned for a while.

   "Yeah, we don't need them now, not at all!"

Wei Dejin calmly explained, "As I said just now, we just need to communicate with the bank consortium to borrow funds at an appropriate interest rate. As long as we can obtain a controlling stake, the internal funds of the Volkswagen Group will be our ultimate The way to get rid of the siege. Through the matter of options, I believe we should have recognized the true face of Zhong Shi, this guy is definitely a budget-conscious guy, and he will not suffer any losses."

"If we don't use the bank, but use this guy, he is definitely more greedy than the bank. Don't forget, he is a hedge fund, the greediest group of people in the world." Wedekin said confidently, "If we really If you turn to them for help, they will not only want the shares of the Volkswagen Group, but also the shares of Porsche. Believe me, these people are definitely much more terrifying than the banks, and it was a fluke that we were able to defeat them last time!"

   "..."

  Wolfgang Porsche's face was cloudy and uncertain, and his eyes flickered. It was obvious that Wedekin's words had an effect. Thinking of the method Zhong Shi used last time, even though it has been a long time, a thin layer of cold sweat still seeped from his back. What a terrible scheming and means to completely fool the entire market!

   "Then we don't go to meet him?"

   After a while, he asked tentatively.

   "Yes, not only will we not go, but we will not even send our driver!"

  Wei Dejin nodded heavily.

   Thank you book friends for taking the knife and breaking the fuel to vote for the monthly ticket! The situation this month is simply too bleak. It seems that my own efforts are far from enough. The author will continue to work hard. I hope everyone will support me, thank you very much~!

  

  

  (end of this chapter)