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"Brother Cheng, why are you here alone in a daze?"
Wang Yaocheng turned his head when he heard the words, and saw Si Wanru coming in white clothes, his watery eyes seemed to be able to speak, and he couldn't help but smile and said, "If you are alone here, you can think about some things about work. thing."
"Oh, can you talk to me?"
Stretching out his hand to hold Si Wanru's little white hand, Wang Yaocheng looked into the distance and said;
"Of course, you are now the executive director of HSBC Bank, with a high position and weight. These matters involve HSBC's expansion and acquisitions, um and related strategic considerations. I will tell you in simple terms, how much can you accept? It's up to you."
"Okay! It's class time again."
Si Wan is like a bitter fruit with frowning eyebrows, but she holds shares and executes equity on behalf of the children, and has grown tremendously in this international financial transaction, and the benefits are self-evident.
As a woman, Yunbo's weird battles of wits and courage in the financial market, and the long-distance commercial battles are really not suitable for her, nor is it Si Wanru's interest.
But for the sake of the child, Si Wanru could only grit her teeth and study, after all, competition is everywhere!
She leaned against Wang Yaocheng's broad chest and listened to his eloquence;
Fortis Financial Group is a prestigious multinational insurance company in Europe with a history of 180 years. Its main insurance business market is in Europe and its business scope covers Eurasia and North America. It is a leading insurance giant in Europe.
You can think of it as a small AIG, which is also deeply involved in the vortex of the subprime mortgage crisis, with a total of 8.5 billion euros in bad debt losses for two consecutive quarters.
This is a huge deficit that has been exposed. As for how much it tried to cover up, others have no way of knowing.
Take a look at the lessons learned from aig. We have already invested 100 billion U.S. dollars in the early stage, and we need to prepare another 35-40 billion U.S. dollars in December to roughly solve the huge troubles faced by AIG.
Therefore, the potential loss of Fortis Financial Group is definitely more than tens of billions of euros, and it may be four or five times higher.
Fortis Financial Group also has a big trouble. At the end of 2007, Fortis Financial Group, Royal Bank of Scotland, and Bank of Spain jointly invested 70 billion euros to acquire ABN Amro, which almost exhausted the reserve liquidity in their hands.
Since the outbreak of the financial crisis, this largest merger and acquisition case in the European financial industry has caused market participants to worry about Fortis Financial Group's ability to pay.
Under such circumstances, Fortis's stock price has fallen all the way, and it has fallen to the point where he doesn't even know his mother.
The governments of Belgium, the Netherlands, and Luxembourg have invested 11.2 billion euros to obtain 49% of the shares of Fortis Financial Group. It can be seen that its current situation is miserable. The market value is only slightly stronger than 110 at the end of 2007, and almost 90% of the market value has fallen. 1000 More than 100 million euros were wiped out in an instant.
Now the Belgian government's financial officials have come to ask for it, and the purpose is self-evident!
The hole in the Fortis Financial Group is not small, and it is impossible for the government's tax money to continue to be used here for relief. They just hope that HSBC will take over this mess.
Having said that, Wang Yaocheng smiled with deep eyes, and kept silent.
Si Wanru looked up at him and said: "Brother Cheng, then since Fortis Financial Group has such a big problem, let's not take over it. We have already swallowed a giant aig, so I'm really afraid of indigestion? "
"Hehe, a woman's opinion."
"Look at me again, my brain is not as bright as yours, so why don't you speak clearly?"
"Don't just see that the current market value of Fortis Financial Group has plummeted to more than 20 billion euros, as if it has become rubbish overnight. This is blind, one-sided and incomplete. The business philosophy, the power that has been managed bit by bit in the insurance industry, cannot be wiped out overnight, he is still there, still has value, but has been abandoned by the irrational market.¡±
"It is not wrong for Fortis Financial Group to unite with other banks to acquire ABN Amro. This is an opportunity to comprehensively expand and penetrate into the banking business. It will forge Fortis into a large financial group with full financial licenses. The assets related to ABN AMRO are also healthy. He is wrong. What¡¯s wrong is that the timing of mergers and acquisitions is wrong, what¡¯s wrong is that the cash flow in hand is spent, and what¡¯s wrong is that patients are in a hurry to go to the doctor.¡±
"The government can invest 11.2 billion euros to save Fortis, but it is impossible to come up with a second or third 11.2 billion euros. Under the strong opposition of the domestic public, the governmentThe Chinese side is under tremendous pressure, and it is unrealistic to further spend huge sums of money to save Fortis. If there are other options, they will definitely make a wise decision, just like the German government. "
After finishing speaking, Wang Yaocheng looked at Si Wanru's beautiful face and said, "This is our opportunity. Once lost, it will never come again. Fortis Financial Group, I am determined."
"But well, tens of billions of euros were spent just by changing hands, and it's really frightening to see all this by your side." Si Wanru put her head on the other's chest and said softly; " I know you must be right, Brother Cheng is always right, no matter what decision you make, I feel at ease, and I don't need to worry about it myself."
"Hahaha, you really save trouble." Wang Yaocheng gently stroked her soft hair, and said with a smile; "We will negotiate with the Belgians and Fortis Group in a while, you should also participate, just to listen to more Take a look and think about it more, it will be of great help to your growth."
"Well, I'll listen to Brother Cheng."
about half an hour later
Wang Yaocheng walked in quickly from the outside, followed by Mo Yuxuan, president of HSBC, Si Wanru, executive director, Du Bo, senior vice president and director, Wilkinson, senior directors Qi Yaonian, Miao Sicheng, Shao Weixin, director of the secretariat Chen and others filed in with documents and materials.
The negotiators of Fortis Group and Belgium stood up quickly. The two sides shook hands warmly and greeted each other, and then sat down on both sides.
As the host, Wang Yaocheng delivered a warm welcome speech, and then left the venue first.
It is not necessary for him to personally appear in the specific negotiations, it is enough for Mo Yuxuan to preside over them.
It is not suitable for the big boss to end in person in this kind of fierce competition for interests. Usually, the younger brother will make troubles below, and the big boss will make a final decision when the whole thing is almost done.
Based on Wang Yaocheng's experience in dealing with Europeans for so many years, he knows that compared with Americans who pay attention to practicality, these European guys are smelly, tough, and full of arrogance, which is very difficult to deal with.
?With the top-level negotiating skills of Mr. Huo Jiaguang, the master of mergers and acquisitions of the consortium, the stakes related to Telef¨®nica and Vodafone were twists and turns, and they were still entangled in Europe for more than two months. In the end, Wang Yaocheng was required to make a decision in person, which shows how difficult it is.
With the knife resting on the neck, it is still poor. This is the current situation of Fortis Financial Group. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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