Chapter 454: First Spend 1 Billion Euros to Fight the Fire
After hearing this, Mawei laughed, then replied indifferently, "Okay, Mr. Louis, then I'll just say it. The purpose of my visit to Germany this time is to help you and resolve this crisis."
Ma Wei said it very lightly. According to past memories, in order to acquire Volkswagen, Porsche successively borrowed $13 billion from 15 banks, and the debt problem was beyond imagination. Porsche's ultimate goal was to acquire 75% of Volkswagen's shares and control its cash reserves.
Seeing Ma Wei's words so calmly that he could help Volkswagen solve this crisis, Chairman Louis and Volkswagen's board of directors couldn't help but look at each other.
They knew that with the financial resources of the Mavie Group, there was almost no big problem to save the public. It was just that there was no free lunch in the world. The other party would definitely not do good deeds for no reason.
"Mr. Mawei, thank you very much for your kindness! We Volkswagen does need the help of your group very much. But can we disclose the relevant conditions first?" Chairman Louis would not agree immediately. After all, he did not want to escape from the tiger's mouth and enter the wolf's den, and was torn to pieces by the capital market.
Ma Wei knew that the other party's concern was nothing more than fear of taking advantage of the situation and the lion spoke up. So he replied concisely and clearly, "Mr. Louis, I won't ask for a lot of conditions. After the matter is done, just give me 35% of Volkswagen shares. As for the excess amount, it's fine to calculate the loan I lent to your company according to the loan."
Before coming, Mavie thought very thoroughly. The risk of completely winning Volkswagen is very high. Not to mention the German government and Porsche obstruction, it will not allow him to completely control Volkswagen. Even Volkswagen itself is probably difficult to accept that a Russian became their professional manager.
So maybe in the end, the bamboo basket was useless and he only spent money in it, but Volkswagen still ran away with Porsche.
"35% shares? Really? Mr. Mavi?" After hearing Mavie's words, Louis, the chairman of Volkswagen, who was standing in front of him, thought he had heard it wrong and asked.
In their impression, the Mavie Group has always been a very ambitious and powerful multinational group. Wherever they go, they can eat people without even leaving bones...
However, this time, although Volkswagen asked for 1/3 of its shares, it could at least be accepted by everyone compared to Porsche's greed.
I have to say that the 35% stake that Mawei wants is very tricky. It doesn’t make sense to ask for less, and if you want more, it will make the Volkswagen Board of Directors feel that they are being robbed.
"I'm not that greedy, just 35%. "Mawei replied confirmingly. Although Porsche currently owns 71.4% of Volkswagen's shares, which means that only 28.6% of Mawei is left. But Mawei's purpose of doing this is to win the trust of Volkswagen. In this way, the two sides can cooperate with each other and fight against the current bad situation.
After hearing this, the Volkswagen Board of Directors couldn't help but look at each other. Then, with the acquiescent of everyone, Chairman Louis said to Mawei solemnly, "Mr. Mawei, I think we can accept your conditions, so please help us with Volkswagen Company!"
Generally, such agreements will eventually develop into paper agreements. Ma Wei will naturally be no exception. There have been lawyer teams waiting on the sidelines to formulate relevant contracts for both parties.
"Happy, Mr. Louis, let's start now. In order to show our sincerity, I decided to invest 1 billion euros first and acquire all the shares in the stock market." Ma Wei said with a faint smile. It seemed that 1 billion euros were for him, but it was just a bunch of numbers.
"First invest 1 billion euros to buy all the stocks in our stock market?" Chairman Louis, and the surrounding Volkswagen board members, all showed a hint of surprise.
But someone soon asked, "Mr. Mawei, sorry, please disturb me! To be honest, our Volkswagen company has very few outstanding shares in the stock market... Because most of them are in the hands of Porsche, they will definitely not sell them. So... you may not buy many shares of 1 billion euros."
A board executive weakly added that the Volkswagen board holds about 20% of the shares. Now for Volkswagen, the key is to grab the remaining 10% of the shares, that is, to take the hands of those small shareholders. Do not allow Porsche to reach 75% and control their funding pool.
The executive's addition was also a question that other board members present considered. Even if Mawei spent 2 billion euros, there were very few shares that could be bought from the stock market. The best way was to acquire the shares in the hands of small shareholders at a high price, so that Porsche would not have snatched the shares. The two sides fought a tug-of-war.
Ma Wei naturally knew this method, but it was too conservative for him and took too long. Volkswagen in his previous life, which was based on this method, happened to survive the financial crisis and then counterattacked Porsche. At that time, Porsche owned 74.1% of Volkswagen's shares, which was only 0.9 points away from the acquisition.
But in this life, the financial crisis could not have come so by chance. Mavie could not place hope on such uncertainty. Besides, he had money in his hands and did not need to passively defend and spend money with the opponent.
"I know all the things you just said. But I didn't say that the 1 billion euros invested in the stock market were used to acquire Volkswagen's stocks." Ma Wei said in public in a light voice.
As soon as he finished speaking, he saw Louis, chairman of Volkswagen, standing in front of him, and a group of board members, all of his expressions were stunned!
"What? Not the one who acquired our Volkswagen Company? That's...?"
"Will that be...Mr. Mavie, should you...want to acquire Porsche directly?" Chairman Louis asked Mavie in surprise.
"That's right, Mr. Louis, there is an allusion in China called "surrounding Wei and saving Zhao". In other words, it is acquired on the premise of ensuring that Porsche will not get 75% of its shares. I believe that Porsche should not have extra money to open up a second battlefield, right?" Ma Wei's strategy was very smart and adopted a two-pronged tactic.
On the one hand, he made a tug-of-war with Porsche and prevented it from reaching 75% of the shares. On the other hand, he used the other way to return it to the other person and maliciously acquired his company's shares by bypassing his board of directors. In this way, he would definitely be so sad that he was so sad...
Chapter completed!