Chapter 720 Distribution of Benefits

"I?"

   Zhong Shi lowered his head and muttered, without speaking for a long time.

  Strictly speaking, Zhong Shi didn’t take the Porsche Group’s abandonment of himself seriously. After all, the joint point of everyone is the existence of common interests. When it comes to turning faces and denying people, Zhong Shi thinks he is not much worse than Wolfgang Porsche.

  But all of these must be based on a premise, that is, after turning your face, you will never beg others again, which is the so-called "one can be strong without desire". But deep down in his heart, Zhong Shi despises the behavior of the Porsche Group who just turned their backs and then begged pitifully to come to the door.

  But businessmen make decisions not based on emotions, but on real interests. Therefore, although Zhong Shi disdains the attitude of the Porsche Group, he still needs to think carefully about the actual benefits.

   "Now only a big consortium like you can help us!"

Seeing that Zhong Shi remained silent for a long time, Wolfgang Porsche felt even more anxious, and couldn't help but said: "Frankly speaking, Mr. Zhong, what do you think of the products manufactured by the Porsche Group? To be honest, our Although the sports car is not the most expensive, it is the most cost-effective. In terms of practicality, our cars are far better than those Italian cars and Japanese cars, and the price is not too expensive. This is why the Porsche Group can become a single car to make profits The reason for the most businesses.”

"If this incident hadn't happened, our family would not have been willing to sell part of the equity anyway. Although we are a listed company, you should be very clear that the vast majority of equity is still under the control of our family members. German companies have always They all have the common problem of repelling and refusing the entry of foreign capital, because they are afraid that the bloodline will be questioned and polluted. But in the face of reality, we have to make a choice. One may be to finish the game completely if we cannot get financing, and the other is to use Tianyu If a financial giant like the Fund can revitalize the overall situation, it may even take over another auto giant. This business is a win-win situation for both you and me.”

Wolfgang Porsche spoke sincerely for a long while, his saliva was almost dry, but Zhong Shi still kept his head down in contemplation, which made his heart suddenly uneasy. Also disappeared without a trace.

   "Well, let me think about it first, and we can discuss it after the consideration is mature, okay?" Zhong Shi said lightly until the motorcade stopped.

  Although Zhong Shi had already made up his mind to help the Volkswagen Group, but at this time the Porsche Group came to his door and directly sent his hole card, which made him think carefully. Naturally, this kind of consideration is not to overthrow the previous determination, but to use the quotation from the Porsche Group to deal with the Volkswagen Group and strive for the maximum benefit.

  Although there was a smile on his face, the deep disappointment in Wolfgang Porsche's eyes could not be concealed.

   "How was the talk?"

  Standing in front of the Four Seasons Hotel, Wolfgang Porsche and Weidekin tried their best to put on a smile, and waved goodbye to the Tianyu Fund team that was leaving. It was not until their figures disappeared that Wei Dejin asked quietly.

"not ideal!"

As he walked towards the hotel lobby, Wolfgang Porsche said in a low voice, "He didn't say anything, he just said that he needed time to think about it. But looking at his expression, I don't think there's much hope for the whole thing. Big."

   "..."

  Wei Dejin's heart sank to the bottom of the valley, and he was speechless for a while.

   Two flowers bloom, each representing a branch.

  It is said that when Zhong Shi returned to the office of Tianyu Fund, he saw Gao Dongfang sitting in his office with a golden knife, holding a glass of red wine in his hand, closing his eyes and shaking his head, sniffing.

   "Smell what?"

  Zhong Shi suddenly found it funny, walked up to Gao Dongfang's side quietly, and asked suddenly, "How much is this glass of wine worth?"

   Being disturbed by Zhong Shi, Gao Dongfang instinctively trembled, his hands trembled, and he almost knocked over the wine glass. He opened his eyes, gave Zhong Shi a dissatisfied look, and said, "The cow chewing peonies is talking about people like you. How can such a top-quality wine with such a long-lasting fragrance and sweet taste be described by such vulgar things as money?"

   "I don't need money to describe it, do I have to use feelings to describe it?"

Zhong Shi was angry and funny, he took the wine glass, and threw it into the trash can, "Okay, let's talk about business now. The people from the Porsche Group have already arrived, and now they can't hold on anymore. Tell me about your psychology." price."

When it came to business, Gao Dongfang, who was still regretting the glass of red wine, immediately corrected his attitude and said seriously, "The current market value of the Porsche Group is between 7 billion and 8 billion euros. We think this valuation is obviously low. But Porsche In order to maintain the controlling stake, the family should not sell more than 25% of the shares, which is inevitable.”

"However, whether the transfer of this part of the equity can help them overcome this difficulty is still unknown. I believe that other consortiums are also afraid or unwilling to lend a helping hand to the Porsche Group based on such considerations. Therefore, in order to raise more The Porsche Group is very likely to sell part of the shares of the Volkswagen Group through an agreement, of course, the price is to help them fully acquire the Volkswagen Group, so that they can not only control the Porsche Group, but also achieve the purpose of acquiring the Volkswagen Group.”

"It is impossible for the Volkswagen Group to be privatized. After completely driving Ferdinand Piech and others out of the management of the Volkswagen Group, they may carry out drastic reforms to the Volkswagen Group. The shares of the Lower Saxony state government may be diluted. The purpose of increasing equity is to achieve the purpose of increasing equity, so that the Porsche Group will firmly hold the Volkswagen Group in its hands. Even if they transfer 20% of the equity, they still have absolute control. At that time, because of their pure German company background, So the Lower Saxony state government had to fall to them, and in the end, even people like you or us have no right to speak.”

   "There is no doubt that there will be no right to speak."

Zhong Shi waved his hand to stop Gao Dongfang from continuing, "Even if the Porsche Group sells more than 25% of the shares, with their contacts in the sports car manufacturing industry and the recognition of shareholders, we cannot have any say. Layman. The Volkswagen Group offered us 8% of the equity, which is close to 5 billion euros. How is your discussion going?"

   "Not worth the price!"

Gao Dongfang categorically said, "At least in the current market situation, it is not worth the price. 20 billion euros is obviously an inflated level, and the profits of the Volkswagen Group cannot support such a high valuation level. If you want to spend more Money, there is no way we can agree to that price."

   "Because the issue of option exercise is involved, the whole thing will become very complicated."

Gao Dongfang continued, "Porsche Group can transfer some of the options of Volkswagen Group to us, and let us exercise the rights. As long as we firmly support them, they can still control Volkswagen Group. So from this perspective, Porsche Group has far more advantages than The Volkswagen Group has more bargaining chips. But in this way, our bargaining chip with the Volkswagen Group has increased a bit."

   "So what's your psychological price point?"

  Zhong Shi was thoughtful, and asked lightly after being silent for a long time.

"15% of the equity, plus the transfer of core technology, the price should not exceed 7 billion euros. This is our ideal goal." Gao Dongfang said solemnly, but then he changed the subject and talked about Tianyu Fund, "this part of the funds source, I suggest that we set up a new holding company, we account for 51% of the shares, you occupy 49% of the shares, and jointly invest in the acquisition of this part of the equity.”

  Because Tianyu Fund went back and forth, it finally helped to broker this deal. Therefore, it is impossible for Huatou to ignore Tianyu Fund based on emotion and reason. More importantly, all the relationship networks are on the side of Tianyu Fund. Even if Huatou wants to go it alone, Tianyu Fund can do it first, and their financial resources are even stronger than Huatou.

  Gao Dongfang had never had a showdown with Zhongshi before, and now it is basically at the final stage, the two sides will inevitably start to discuss the gains and losses of benefits, and the first to speak out will show sincerity, and on the other hand, it will also reduce the financial pressure of Huatou.

  Although everyone knows that in the long run, both companies are very profitable. But in the current economic environment, there are really few institutions that dare to buy the bottom.

"49% of the shares, about 4.5 billion euros, this price is quite reasonable." Zhong Shi nodded, not entangled in this issue, "But there is one problem, in three to five years, Tianyu Fund You will withdraw your shares from this company, and then you will take over at the market price.”

   "Divestment in three to five years?"

Gao Dongfang muttered dissatisfiedly with a bitter face, "Although this time is not short, are you too impatient? According to my analysis, it will take at least five years for the world economy to recover. It’s a great time for Volkswagen Group’s stock price correction, if you quit at that time, you may suffer a loss!”

   "Who can tell what will happen in the future?"

  Zhong Shi shook his head lightly, "Currently, I mainly focus on the foreign exchange market and the mass commodity market, and I have no time for this equity investment, so quitting in three to five years will still take care of your relationship."

   "Why, any news?"

  As soon as he heard what Zhong Shi said, Gao Dongfang immediately became interested, and asked repeatedly, "Is there going to be another big event?"

   "No!" Zhong Shi categorically denied, and then pressed the call button, "Jiang Shan, come in, prepare to meet the Porsche people with Gao Sheng, and listen to their quotations."

   Thank you very much for the old Nafahao Takong, panthernd, Yiyayiyayaya, Huange, Nanquan 99, Cry for Love and other book friends who voted monthly! Thanks to all the book friends who have continued to support this book. I hope that the results will improve in the last month of this year. The results of this book come from everyone's joint efforts!

  

  

  (end of this chapter)